Flood Insurance

Flood insurance in India is generally available as part of a home insurance policy and can cover your home building, contents, or both. Flood insurance is not mandatory, but it can help cover the cost of damage to your home and belongings caused by a flood. TATA AIG offers three home insurance plans with flood insurance coverage: Bharat Griha Raksha, Home Protect, and Smart Home All Risk policy. Flood insurance covers loss or damage to the building structure, additional structures like a garage and compound walls, and home contents. It can also cover loss of rent, debris removal, and fees paid to a surveyor or consulting engineer. It can pay for repairing or reconstructing your home and additional structures, or repairing or replacing damaged home contents. The sum insured determines the maximum amount payable under a claim. Optional add-ons are available for additional protection to cover valuable contents, temporary resettlement, and personal liability. Homeowners, tenants, landlords, and property investors can benefit by getting flood insurance cover for their home and belongings. You can buy a TATA AIG home insurance policy online. Claims can also be raised and tracked online.

While flood insurance is not mandatory, it can provide financial support for loss or damage or loss to your home or belongings caused by a flood.

The risk of floods is high in many parts of India, with 12.5% of the country’s geographical area being identified as high-risk areas.

Homeowners and tenants living in low-lying or flood-prone areas need flood insurance cover the most. Even if you do not live in a known flood-prone area, unexpected heavy rainfall or overflowing water bodies can cause flooding and damage to homes.

If you own a high-value property, the cost of repairing your home and replacing damaged belongings after a flood can be high. A home insurance plan with flood cover can help you manage these unexpected expenses and recover from flood-related damage.

The coverage offered may differ across flood insurance plans. Here is an overview of the key inclusions.

• Structural Damage: Covers physical loss, damage or destruction to your home building, including fixtures and fittings permanently attached to the floor, walls or roof, electrical wiring and permanent fittings .
• Damage to Additional Structures: Covers additional structures such as garages, outhouses, parking spaces, compound walls, septic tanks and solar panels .
• Loss of Home Contents: Covers physical loss, damage or destruction to general home contents , including furniture, fixtures (fans, tube-lights, etc.), fittings, and electrical equipment.
• Debris Removal: Covers expenses up to 2% of the claim amount to remove debris and waste material accumulated due to flooding.
• Architect and Surveyor Fees: Pays up to 5% of the claim amount for surveyors, architects and consulting engineers. .
• Loss of Rent and Rent for Alternative Accommodation: Covers the rent you lose or the extra rent you pay for alternative accommodation if a flood makes your home unfit to live in.

Please note: These are some of the key inclusions offered under a flood insurance policy. Please refer to your policy wording for complete details and policy conditions.

The exclusions may differ depending on the flood insurance plan you choose. Here is an overview of the key exclusions :

• Consequential Damage: Does not cover indirect or consequential losses, such as loss of earnings, loss due to delay, or loss of market value.
• Missing or Mislaid Property: Does not cover loss of insured property that is missing or misplaced and cannot be linked to a specific flood event.
• Property Removed from the Home: Does not cover loss or damage to any insured property that has been moved from your home to another place.
• Loss of Market Value: Does not cover any reduction in the market value of insured property after its repair or reinstatement.
• Home Extensions or Alterations: Does not cover additions, extensions, or alterations that increase your home’s carpet area by more than 10%, unless covered through an endorsement with an additional premium.
• Certain Valuables and Other Items: Does not cover loss or damage to valuable contents such as jewellery and silverware or other items such as bullion, unset precious stones, manuscripts or cash unless specifically included in the policy.

Please note: These are some of the key exclusions. Please refer to your policy document for complete details.

Optional add-ons provide additional protection against specific risks that you may choose to cover. Here are some of our key add-ons :

• Cover for Valuable Contents: This add-on covers valuables such as jewellery, silverware, and paintings. It covers the cost of repairing damaged items or pays the agreed value if an item is completely lost.
• Temporary Resettlement Expenses: If your home becomes uninhabitable due to flooding, this add-on pays for packing, unpacking, transportation and emergency items to relocate to alternative accommodation.
• Personal Liability Cover: This add-on covers the amount you may be legally required to pay if a flood-related incident at your home causes injury, death, or property damage to a third-party.
• Personal Accident Cover: In the event that a flood results in the death or disability of the homeowner or spouse, this cover pays up to ₹5 lakhs per person.

Please note: These are some of the key add-ons available with flood insurance. Visit our home insurance add-ons page for the complete list of available add-ons.

Flood Insurance Coverage Offered Under Bharat Griha Raksha and Home Protect Plans

Both plans, TATA AIG Bharat Griha Raksha and Home Protect plans, offer standard flood insurance coverage for home building and home contents, with optional add-ons available for additional protection.

Let us take a look at what is paid under each cover.

• Under Home Building Cover

If you make a claim under flood insurance, we reimburse the cost of repairing your home after damage caused by a flood, subject to the sum insured and policy conditions. The sum insured is the prevailing cost of constructing your home at the start of the policy. If your home building is a total loss, we pay the sum insured mentioned in your policy.

If only an additional structure is destroyed, we pay the cost of constructing that structure , subject to the sum insured and policy conditions.

• Under Home Contents Cover

If you make a claim under flood insurance, we cover the cost of repairing or replacing the item , as applicable. The policy includes a built-in cover for general contents equal to 20% of the sum insured for home building cover, subject to a maximum of ₹10 lakh .

If you want a higher sum insured for home contents, you can declare the required amount in the proposal form and pay the applicable additional premium .

Valuable contents, such as jewellery and paintings, are covered only if you have opted for the optional cover for valuable contents .

Flood Insurance Coverage Offered Under Smart Home All-Risk Plan

The Smart Home All-Risk Plan offers broad coverage for flood-related damage to your home, belongings, and valuables. It includes Building All Risk, Contents All Risk, Portable Electronics All Risk, Jewellery All Risk, and Fine Arts and Valuables All Risk Cover.

Under Home Building Cover

You can choose the sum insured for your building in two ways. The first is the Reconstruction Value basis , where the sum insured is based on the current cost of reconstructing your building.

The second is the Agreed Value basis , where the sum insured is based on the value agreed between you and TATA AIG. It is available only for flats and apartments.

If your building is damaged due to a flood, the amount paid depends on the sum insured option you have chosen.

For Total Loss:

Under the Reconstruction Value basis , we cover the cost of reconstructing or reinstating the building.

In case of a flat or apartment, if you choose not to reconstruct or reinstate your flat or apartment, the claim will be settled based on the cost of reconstructing a similar flat or apartment as new on the date of the loss.

Under the Agreed Value basis (available only to flats and apartments), we cover the cost of reconstructing or reinstating the insured flat or apartment. If you choose to keep the damaged flat or apartment without constructing or reinstating it, the claim will be settled based on the cost of constructing it as it was new as of the date of loss.

If you choose not to reconstruct or reinstate and instead hand it over to TATA AIG, we settle the sum insured stated in the policy.

For Partial Loss:

If your building is partially damaged due to a flood, we cover the actual cost of repairing it, without deducting for depreciation. It is applicable to both the sum insured options: Reconstruction Value basis and Agreed Value basis.

Under Contents All Risk Cover

The sum insured for your contents is based on the current cost of replacing them with a new identical or similar item.

If the item is damaged due to a flood, we cover the cost of repairing it. If the item is completely lost in a flood, we cover the cost of replacing it. The amount payable in both cases is subject to the sum insured.

Flood insurance policies in India cover loss, damage and destruction from floods, tsunamis and other natural calamities.

Here are the natural events covered:

• River Floods: Includes overflowing rivers due to heavy monsoon rain or a dam burst event. Major risk for residences located near the banks of major Indian rivers, including Ganga, Yamuna, Godavari and Brahmaputra.
• Coastal Floods: Hurricanes, tsunamis and high tides coupled with coastal erosion often cause flooding in areas near the coast. The coastal regions of Andhra Pradesh, Orissa and Tamil Nadu carry a high risk of seawater flooding.
• Flash Floods: Flash floods typically happen in low-lying areas due to short but heavy rainfall and cloudbursts. Such floods can happen in regions with low and moderate risk of floods.
• Closed Basin Floods: This includes flooding of a lake, inland sea or reservoir due to heavy rainfall or water runoff from nearby areas.
• Other Natural Events: Includes flooding due to typhoons, hurricanes, tempests and tornadoes.

Insurance for flood provides coverage for home buildings, contents and other financial assets lost or damaged during a flood. By covering repairs, home reconstruction and replacement of personal belongings, furniture and fixtures, this policy helps you recover financially after a flood.

The top benefits include:

• Cost-effective Protection - It presents a cost-effective way of protecting your financial assets from substantial damage caused by a flood event.
• Financial Support - Flood insurance provides funding to repair your damaged property, saving you from excessive debt and depletion of your savings and investments.
• Flexible Eligibility - Flood coverage is available to homeowners, landlords, tenants and property investors, helping them protect their interests.
• Reduced Financial Stress - It offers added financial security to property owners residing in flood-prone areas, which are quite common across India.

Get a customised house insurance policy with flood coverage to secure your building and belongings.

Flood policy insurance is available to homeowners, landlords and property investors who want to protect their home building, adjoining structures and home contents from flood-related losses.

Tenants who do not own a home but have valuable belongings, including expensive furniture and appliances, can also get TATA AIG’s Home Contents Insurance with flood coverage.

• Instant Premium Quotes: Get instant flood insurance quotes based on your chosen policy, coverage options and sum insured using our calculator at the top of this page.
• Multiple Plan Options: Choose from three plan options based on the coverage features you need and your budget.
• Flexible Premium Options: Benefits from flexible premium options, with choices to cover home building and contents, home building only, or contents only, based on your needs and budget.
• Comprehensive Coverage: Choose a policy that offers comprehensive coverage for your building, contents, portable electronics, jewellery, and fine arts and valuables.
• Customisable Plans: Include add-ons, such as cover for valuable contents and temporary resettlement expenses for additional protection.
• Quick and Hassle-Free Claims: File your claim via multiple channels, including our customer support helpline (022-6489-8282), claim page or mobile app.

Get a customised home insurance policy with flood coverage from TATA AIG.

• Step 1: Scroll to the top of this page. Enter your residential PIN code and phone number in the quote box and click on ‘Get Protection’.
• Step 2: Select a coverage type and enter the policy details, including the tenure, sum insured and content value in your home.
• Step 3: Provide the property details, including carpet area, property age, type and whether to include additional structures.
• Step 4: Enter the value of furniture, fittings, electrical fittings and electronics you want to cover against floods and other disasters.
• Step 5: Check the flood insurance quote online and, if it’s acceptable, pay the applicable premium to complete your purchase.

Follow these steps to raise an online claim on your flood insurance policy:

1. Notify TATA AIG

First, get yourself and your family members to a safe location. Inform us about the damage to your home and contents through our customer support (022-6489-8282), email address (general.claims@tataaig.com) or WhatsApp (+91-9136160375).

Then, register a claim via our claim page or mobile app.

2. Inform the Authorities

Seek help by calling the national emergency number (112) or contact your local fire brigade, police station or disaster management authority.

3. Prevent Further Losses

Take necessary steps to prevent further loss and damage to your home and contents. Then, gather evidence, including photos and videos of the damage and details of your loss.

4. Cooperate with the Surveyor

We will assign a surveyor to inspect your home and assess losses. Cooperate with the surveyor by answering their questions and submitting the required documents.

5. Submit the Documents

Ensure you submit the duly filled claim form and other required documents within 30 days of notice of the flood incident.

Protect Your Home Today – Get Flood Insurance Now