Who this cover is for
Homeowners, housing society members, landlords, and tenants wanting protection for electronics and valuable furnishings.
Coverage scope
Policy scope is governed by insurer terms, endorsements, and policy schedules. Common provisions include:
Building Structure Protection
Covers reconstruction costs of residential structure against fire, earthquake, cyclone, and impact damage.
Home Contents & Appliances
Protection for home appliances, furniture, televisions, and electrical installations against breakdown and fire.
Burglary & Housebreaking
Indemnity for stolen household contents following forcible entry or attempted burglary.
Alternative Accommodation Cover
Rent reimbursement for temporary living arrangements while insured home is uninhabitable after a major peril.
Key limitations and exclusions
Every insurance contract outlines specific conditions, waiting periods, and deductibles to review before policy inception:
Under-Insurance Principle
If home or contents are declared below true replacement value, claim settlements are subject to proportionate reduction.
Unoccupied Premises
Properties left unoccupied for more than 30 consecutive days without insurer intimation may face coverage exclusions.
Wilful Negligence
Structural damages arising from unapproved construction alterations or foundation wear are excluded.
How Sanghvi Consultancy assists you
With 45+ years of insurance experience in Navrangpura, Ahmedabad, Sanghvi Consultancy provides personal policy guidance:
- Valuation calculation based on reconstruction cost (not land value) to ensure fair premiums.
- Packaging structure and contents under IRDAI standard Bharat Griha Raksha guidelines.
- Survey support and inventory documentation during damage recovery.
Frequently asked questions
Should I insure the market value or reconstruction cost of my flat?
Insure only the reconstruction cost of the building plus contents. The land component cannot burn or collapse, so insuring land value inflates your premium unnecessarily.
Can tenants purchase home insurance?
Yes. Tenants can insure home contents, appliances, and personal effects even if they do not own the physical building.
Discuss your policy with an advisor.
Get clear answers on policy terms, insurer waiting periods, and claim support without aggressive sales calls.