Home Insurance
Home insurance serves as a financial safeguard for your hard-earned house property. A dream home for your family with all the comforts is an important milestone in life. It is where you share moments of happiness, face difficult times, and build a lifetime of memories. You worked harder, longer and saved every penny to give yourself and your loved ones the security of a home.
But an unexpected event, such as a natural disaster or a fire, can damage this valuable possession or even lead to a complete loss. While the emotional impact can be overwhelming, rebuilding and moving forward becomes a necessity. With a TATA AIG home insurance policy, you can secure the financial support to repair or rebuild your home.
What is Home Insurance?
Home insurance is a type of insurance policy that protects your home building and its contents against various risks such as fire, lightning, explosion, and natural disasters. It pays for the cost of replacing or repairing the home building or its contents in case of a loss or damage due to such events. And the home insurance coverage applies to an individual house, flat, or apartment.
Whether you are a homeowner, tenant, or landlord, you may have invested a significant amount in your home and its belongings. A home insurance policy provides financial security to protect such valuable assets against unexpected events that could otherwise lead to major losses. You can purchase the home insurance plan for the building, for the contents, or for both.
What does Home Building and its Contents include?
| Home Building | Home Contents |
|---|---|
| The home building includes the entire structure of your house with fixtures and fittings. | General contents refer to furniture, electronic items, kitchen equipment, electrical equipment, and other daily-use items. |
| It also covers additional structures such as garages, parking spaces, compound walls, verandahs, and solar panels. | Valuable contents include jewellery, silverware, paintings, works of art, and other high-value belongings. |
Why Do You Need a Home Insurance Policy?
Increasing Incidence of Risks
According to the Global Report on Internal Displacement - IDMC (Internal Displacement Monitoring Centre) GRID 2025, India recorded 5.4 million displacements (forced movement of people) due to various reasons such as floods, storms, and cyclones. It is the highest figure since 2012.
Financial Protection
Home insurance plans provide extensive financial coverage to help you pay for the repair and replacement costs if your home building or its contents are damaged. This ensures that your hard-earned investment is protected
Comprehensive Coverage
With a single home insurance policy, you can protect both your home building and your belongings against various risks, including fire, natural disasters, and man-made malicious damage.
Long-term Asset Protection
Your home and the valuables inside it are assets that you have built and collected over the years. A home insurance policy helps protect these assets, so they remain secure for you and your family in the years to come.
Key Features of TATA AIG Home Insurance Plans
| Coverage for Home Building | Coverage for Home Contents | Multiple Plan Options |
|---|---|---|
| Get a sum insured of up to* for home building. | Get a sum insured of up to for home contents. | Choose from a diverse array of home insurance plans. |
| Customisable Plans | Affordable Plans | Personalised Support |
|---|---|---|
| Customise the policy with add-ons and sum insured. | Buy home insurance plans at an affordable price point. | Provide details online and get personalised assistance. |
Types of Home Insurance Plans
TATA AIG offers different types of home insurance plans with flexible features and sum insured options to suit various coverage needs. Here are two of our popular home insurance policy options.
TATA AIG Bharat Griha Raksha Policy - Key Features
- Building and Contents Cover - Offers financial protection for your home building and its contents.
- Coverage against Various Risks - Covers your home and its contents against various risks, such as fire, natural disasters, man-made damages, and theft.
- Building Sum Insured - The sum insured for the building is the prevailing cost of construction of your home building.
- Contents Sum Insured - The sum insured for the home contents is the amount specified in the policy.
- Automatic Restoration - The sum insured will be automatically restored after a claim.
- Optional Add-ons - Optional add-ons available for valuable contents on an agreed value basis and a personal accident cover.
- Suitable For - Individuals looking for standard protection for their home, building, and household contents.
TATA AIG Smart Home All Risk Policy - Key Features
- Comprehensive Protection - Offers financial protection for your building and its contents, portable electronics, jewellery, fine art, and valuables.
- Fine Art Cover - Fine art refers to painting, antiques, sculpture, curios, and other bona fide works of art.
- Valuables Cover - Valuables refer to portable equipment, watches, medical devices, and any other items specifically mentioned in your policy.
- Sum Insured Options - Provides two sum insured options: reconstruction value basis and agreed value basis (applicable for flats and apartments only).
- Optional Add-ons - Multiple optional add-ons available for enhanced protection.
- Coverage across India - Covers loss or damage to portable electronics, jewellery, fine arts, and valuables occurring anywhere in India, unless otherwise specified in your policy.
- Suitable For - Individuals who want broader protection for their home, including jewellery, fine art, and portable electronics.
Find the Right Home Insurance
What is Covered by TATA AIG’s Home Insurance Cover?
TATA AIG’s home insurance plans cover the physical loss, damage, or destruction to your home building and its contents due to the following events.
What is Not Covered by TATA AIG’s Home Insurance Plans?
Regular Wear and Tear
Gradual deterioration or ageing, or minor cosmetic damage that doesn’t impact the item’s functionality.
Existing Damage
Damage already present before the policy was purchased or came into effect.
Repair or Renovation
Loss or damage caused by repair, restoration or renovation activities within the house property.
Electrical Damage
Loss or damage caused to an electrical machine, apparatus, fixture, or fitting by over-running, excessive pressure, arcing, short circuiting, self-heating or leakage of electricity.
Mechanical or Electrical Breakdown
Loss or damage caused by mechanical or electrical breakdown.
Precious Items
Loss or damage caused to bullion or precious stones, manuscripts, drawings, securities, and other similar items, unless specified in the policy.
Defects in Construction and Maintenance
Loss or damage due to structural defects, poor workmanship, or lack of proper maintenance.
Commercial Use
Damage occurring when the property or its contents are used for commercial or business purposes, except when rented out for residential purposes.
Unauthorised Structures or Government Actions
Loss or damage arising from unauthorised constructions or due to demolition or confiscation actions taken by government authorities.
Home left Unoccupied
Loss or damage that occurs when the house is left unoccupied, unless it was informed.
Digital Data
Any loss or damage resulting from issues with digital data or systems, such as network issues, data or software problems.
Intentional Acts
Damage or loss resulting from wilful acts of the insured or their family members.
Consequential Losses
Any consequential loss or damage, loss of use, loss of income, or reduction in value or functionality.
Pollution
Loss or damage caused by pollution or contamination, unless pollution has resulted from the covered event or the covered event causes pollution.
War and Nuclear Risks
Loss or damage resulting from war, terrorism, or any kind of nuclear reactions, or radioactive contamination.
Add-on Coverage Under Home Insurance Plans
TATA AIG offers a range of home insurance add-ons for additional protection. The add-ons vary based on the policy you choose.
Optional add-ons under the TATA AIG Bharat Griha Raksha Policy
- Cover for Valuable Contents - Get additional protection to cover valuable contents, such as your jewellery, silverware, paintings, and other similar items.
- Personal Accident Cover - Provides financial compensation in the unfortunate event of the death of the insured or their spouse.
Optional add-ons under the TATA AIG Smart Home All Risk Policy
- Personal Accident - Provides financial compensation to the insured in the event of unexpected death or injury due to an accident.
- Breakdown of Domestic Electrical and Electronic Appliances - Covers repair or replacement expenses in case of mechanical or electrical breakdown.
- Public Liability Cover - Covers you against legal liability arising from accidental injury, death, or property damage to others.
- Fraudulent Charges - Reimburses unauthorised charges on your lost or stolen payment card or SIM card. It also covers fraudulent payments made on your e-wallet.
- EMI Protection - Covers your home loan EMI up to the sum insured in case of death, permanent total disability due to an accident, or loss of job during the policy period.
- Baggage Loss - Covers accidental loss, damage, or theft of personal baggage when you are out of town.
- Preventive Maintenance Expense - Covers preventive maintenance expenses for your home building and its contents. payable once every two years.
- Value Added Service (Pick Up and Drop) - Provides pick up and drop service for your insured property to and from the repairer in case of loss or damage.
Please note: The add-ons are subject to certain policy terms and conditions. Kindly refer to your policy document for complete details.
Who Should Buy Home Insurance?
Homeowners
If you have invested your savings in constructing or purchasing a home to live in, a home insurance plan helps you recover from the losses if your home or its contents are damaged.
Tenants
Even if you don’t own the house, you may keep valuable belongings such as jewellery and portable electronics at home. Also, you could still be responsible for certain repairs based on the rental agreement. Home insurance helps cover such unexpected losses and expenses.
Landlords
If you own a house and have rented it out, tenants may manage minor damages during their stay. However, major damage to the building or a total loss can result in a significant financial burden, which you can cover under a home insurance policy.
Property Investors
If you have invested in a housing property to rent it out or occupy it later, protecting it against unforeseen events becomes crucial. Buy home insurance to ensure comprehensive coverage with high sum insured limits for complete protection.
Benefits of Requesting a TATA AIG Home Insurance Quote Online
Provide your name, phone number, and pincode, and a TATA AIG representative will contact you themselves to understand your requirements and assist you with the next steps.
Get instant premium quotes for your home insurance policy based on the policy, coverage options, and sum insured limits you have chosen.
Get a complete breakdown of the premium amount with detailed explanations from the representative when you request and buy home insurance online.
Customise your home insurance policy with optional add-ons based on your specific requirements and request revised premium quotes accordingly.
Avoid unnecessary intermediary or agent charges to understand the policy and save time while exploring home insurance plans.
Factors You Should Consider While Buying Home Insurance Online
Before you buy home insurance, consider the following factors to ensure adequate coverage and a smooth insurance experience.
Sum insured
Assess the reinstatement value or reconstruction cost of your home building and the value of its contents to determine the appropriate sum insured.
Coverage Inclusions and Exclusions
Read through the policy inclusions and exclusions carefully to understand what is covered and the conditions that apply.
Add-ons
Customise your home insurance policy by considering the various add-on options available for enhanced protection.
Premium Affordability
Request the premium amount and ensure it fits your budget. However, avoid compromising on adequate coverage just to reduce the premium.
Claim Settlement Process
Understand the steps involved in the claim settlement process and the documents required to process the claim.
How to Buy Home Insurance Online?
At the top of this page, in the banner, provide your name, phone number, and pincode and click Submit.
A TATA AIG representative will call you on your mobile number to guide you through the next steps.
Provide the required information and proceed to buy home insurance.
Take the First Step to Protect your Home Today!
Documents You’ll Require for Filing Home Insurance Claim
If any unfortunate event occurs, you can file a home insurance claim with TATA AIG. Here are the documents you should keep ready before you file a claim:
- Duly completed claim form.
- Copy of the First Information Report (FIR) in case of theft and burglary claims.
- Copy of Fire Brigade Report in case of fire.
- Details of any other report made to the relevant authorities.
- Photographs showing the loss or damage.
- Copy of the Meteorological Report or relevant news articles in case of natural disasters.
- Repair or reinstatement quotations and invoices.
- Property title documents, Completion Certificate, Occupancy Certificate, and Building Layout Plan or Architect’s Report in case of total loss.
- Signed EFT (Electronic Funds Transfer) mandate and a cancelled cheque copy.
- CKYC documents (CKYC form, PAN, and address proof) for claims of ₹1 lakh and above.
- Details of any other insurance policy that covers the same damage for which you have applied a claim, if applicable.
- Any other documents required to process the claim
How to Raise your Home Insurance Claim at TATA AIG?
Inform TATA AIG
Call us at 022-6489-8282 and inform us about the loss or damage to your home building or its contents.
Inform the Relevant Authorities
Inform the relevant officials, such as the Police in case of theft or the local Fire Brigade in case of fire.
Prevent Further Loss or Damage
Take the necessary steps to prevent any further loss or damage to your home or its contents.
Cooperate During the Surveyor Visit
A surveyor will visit your home to inspect and assess the loss or damage.
Submit the Documents
Submit the duly filled claim form and the required documents within 30 days from the date of loss or damage.
How Do You Renew Your Home Insurance Online?
Under the ‘Renewal’ tab, click on ‘Others’ for home insurance renewal.
Enter the Policy Number and click ‘Renew’.
