Gydmus Home

IRDAI Licensed | Quick Claims

Your Home Deserves Complete Protection

Your home is your biggest investment. Protect it against fire, theft, natural disasters, and more with comprehensive home insurance from 15+ top insurers. Get coverage up to Rs 5 Crore starting at just Rs 150/month.

Homes Insured

% Claims Settled

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Property Type

Property Age

Built-up Area (sq ft)

Location

Structure Value (Reinstatement Cost) Rs 50,00,000

Content Value (Household Items) Rs 10,00,000

Additional Covers

Earthquake +0.10%

Terrorism +0.05%

Public Liability +Rs 100

Appliance Breakdown +Rs 200

Your Home Insurance Quote

Comprehensive protection for your home

Annual Premium

Rs 2,450

1 Year Policy | Rs 60L Total Coverage

Rs 2,000

Base Premium

Rs 450

Add-ons

Rs 441

GST (18%)

Premium Breakdown

Rs 2,891

Total

Base

Add-ons

GST

Coverage Summary

Structure

Rs 50L

Contents

Rs 10L

Jewellery

Rs 2L

Liability

Rs 5L

Your Coverage Summary

Structure Cover

Rs 50,00,000

Content Cover

Rs 10,00,000

Fire & Perils

Covered

Jewellery

Rs 2,00,000

Why Home Insurance is Essential

Your Biggest Investment: For most Indians, buying a home is the largest investment they will ever make. A lifetime of savings goes into purchasing and furnishing your dream home. Home insurance protects this investment from unforeseen events that could otherwise cause devastating financial loss.

Natural Disasters: India is prone to multiple natural calamities—earthquakes in northern regions, floods in coastal areas, cyclones in the east. Your home insurance covers structural damage from these perils, ensuring you can rebuild without starting from zero.

Fire & Electrical Accidents: Short circuits and electrical fires are among the leading causes of home damage in India. A single fire can destroy years of memories and investments. Home insurance covers the cost of rebuilding and replacing damaged contents.

Theft & Burglary: Urban India sees rising incidents of theft and burglary. Home insurance covers loss of valuables, jewellery, electronics, and other household items due to burglary or housebreaking, providing financial compensation for your losses.

Our Plans

Complete Home Insurance Solutions

Whether you own a house, rent an apartment, or need specific coverage—we have the right plan for you.

Structure Cover

Protects the building structure including walls, roof, floors, doors, windows, and permanent fixtures against fire, natural calamities, and man-made disasters. Essential for homeowners.

Fire & Lightning

Natural Calamities

Reinstatement Value

Debris Removal Cover

Content Cover

Covers household items including furniture, appliances, electronics, clothes, and valuables like jewellery. Protects against fire, theft, burglary, and accidental damage.

Furniture & Appliances

Jewellery & Valuables

Electronics Cover

Theft & Burglary

Tenant Plan

Specifically designed for renters. Covers your personal belongings, furniture, and appliances in a rented property. Also includes rent protection and liability coverage.

Personal Belongings

Temporary Accommodation

Liability Protection

No Structure Cover

Burglary Cover

Standalone burglary insurance for households. Covers loss or damage to contents due to burglary, housebreaking, or theft. Includes jewellery and cash coverage with minimal documentation.

Burglary & Housebreaking

Jewellery Protection

Cash Cover (Limited)

FIR Requirement

Understanding Home Insurance Terms

Reinstatement Value vs. Market Value: Reinstatement value is the cost to rebuild your home using similar materials and quality. Market value includes land cost and depreciation. Always choose reinstatement value for better coverage—land is rarely damaged in fires or floods.

Sum Insured Calculation: For structure, calculate built-up area x construction cost per sq ft. Construction costs vary by city (Rs 1,500-3,000/sq ft). For contents, list all items with current replacement value. Don't underinsure—claims are settled proportionately.

Deductibles: The amount you bear per claim. Standard deductibles are Rs 5,000-25,000. Higher deductibles mean lower premiums but more out-of-pocket expense during claims. Choose based on your risk appetite.

Exclusions: Common exclusions include wilful damage, wear & tear, war, nuclear perils, and damage during construction. Read policy wordings carefully to understand what's not covered.

Compare Plans

Plan Comparison at a Glance

Feature	Structure	Content	Tenant	Burglary
Building Cover	Yes	No	No	No
Household Items	No	Yes	Yes	Yes
Fire Cover	Yes	Yes	Yes	No
Natural Calamities	Yes	Yes	Yes	No
Burglary Cover	No	Yes	Yes	Specialized
Jewellery Cover	No	Optional	Optional	Included
Best For	Homeowners	All Residents	Renters	Theft Concern

Key Benefits

What's Typically Covered

Fire & Allied Perils

Coverage against fire, lightning, explosion, implosion, and aircraft damage.

Water Damage

Protection against bursting of water tanks, pipes, and flooding from internal sources.

Natural Disasters

Coverage for earthquake, flood, storm, landslide, and other natural calamities (optional).

Theft & Burglary

Compensation for loss of contents due to burglary, housebreaking, or theft with FIR evidence.

Home Insurance Claim Process

Step 1: Immediate Intimation: Contact our helpline or use the app within 24 hours of discovering the damage. For theft/burglary, file an FIR immediately at the nearest police station.
Step 2: Survey & Assessment: A licensed surveyor will visit your premises within 48 hours to assess the damage. Take photos/videos of the damage before cleanup.
Step 3: Documentation: Submit claim form, FIR copy (for theft), repair estimates, purchase invoices for contents, and surveyor's report. Our team assists with paperwork.
Step 4: Settlement: Claims are processed within 7-15 working days. Choose between cashless repairs through empaneled contractors or reimbursement for your preferred vendors.

Why Choose Us

Benefits of Buying Home Insurance Online

Instant Policy Issuance

Get your home insurance policy within 10 minutes. No property inspection required for most homes. Instant digital policy sent to your email.

Compare Multiple Insurers

See quotes from 15+ insurers. Compare coverage, exclusions, and premiums side by side to find the best fit for your needs.

Quick Claim Settlement

Average claim settlement in 7 working days. Dedicated claim manager guides you through the entire process.

No Inspection Needed

For sum insured up to Rs 5 Crore, no physical inspection required. Just answer a few questions and get covered instantly.

Flexible Payment Options

Pay annually or in EMI. Long-term policies (3-5 years) available with 25-50% discount. Multiple payment modes accepted.

Bundled Discounts

Combine structure and content cover for additional discounts. Add burglary, liability, and appliance breakdown for comprehensive protection.

Our Partners

Backed by Leading Insurers

ICICI Lombard

HDFC ERGO

Bajaj Allianz

Tata AIG

Reliance

Digit

IFFCO Tokio

New India

FAQ

Frequently Asked Questions

Structure Insurance: Covers the physical building—walls, roof, floors, doors, windows, and permanent fixtures like built-in wardrobes, modular kitchen, and plumbing. It protects against structural damage from fire, natural disasters, and other perils. The sum insured is based on construction cost, not market value.

Content Insurance: Covers movable items inside your home—furniture, appliances, electronics, clothes, kitchen items, and valuables like jewellery. It protects against fire, theft, burglary, and accidental damage. The sum insured is the total replacement value of all contents.

Recommendation: Homeowners should take both structure and content insurance for complete protection. Tenants only need content insurance as they don't own the building.

For Structure:
Sum Insured = Built-up Area (sq ft) × Construction Cost per sq ft

Construction costs vary by city:
- Metro cities: Rs 2,000-3,000/sq ft
- Tier-1 cities: Rs 1,500-2,500/sq ft
- Tier-2 cities: Rs 1,200-1,800/sq ft

Example: 1,500 sq ft flat in Mumbai × Rs 2,500/sq ft = Rs 37.5 Lakhs

For Contents:
List all items with current replacement cost:
- Furniture: Rs 3-5 Lakhs
- Appliances: Rs 2-4 Lakhs
- Electronics: Rs 1-3 Lakhs
- Jewellery: Rs 2-10 Lakhs
- Other items: Rs 1-2 Lakhs
Total content value typically ranges from Rs 10-25 Lakhs for a standard household.

Yes, but with specific conditions:

Included in Standard Policy: Most home insurance policies include jewellery cover up to a certain limit (typically Rs 1-2 Lakhs) automatically. This covers ornaments kept at home against fire and burglary.

For Higher Coverage: You can increase jewellery coverage up to Rs 10-15 Lakhs by declaring your jewellery and paying additional premium. Valuation certificate from a certified valuer may be required for high-value items.

Documentation Required:
- Valuation certificates for expensive pieces
- Purchase invoices or receipts
- Photographs of jewellery items

Exclusions: Jewellery worn outside home is not covered unless you opt for "All Risk" cover. Gold biscuits and coins are usually excluded.

Tip: Keep your jewellery in a bank locker and take "All Risk" cover for items you wear regularly.

Not Legally Mandatory: Unlike motor insurance, home insurance is not legally required in India. You won't face penalties for not having it.

Bank Requirement: Most banks and NBFCs require home insurance as a condition for home loans. This protects their collateral (your home) against fire and natural disasters. The policy is usually required for the loan tenure.

Types of Bank-Mandated Insurance:
- Property Insurance: Covers structure against fire, earthquake, flood
- Often bundled with home loan at competitive group rates
- Coverage typically equals outstanding loan amount

Problems with Bank Insurance:
- Limited to structure only, no content cover
- Coverage reduces with loan repayment
- No coverage after loan closure
- Often overpriced compared to standalone policies

Recommendation: Take bank's property insurance for loan compliance, but buy separate comprehensive home insurance for complete protection of structure and contents.

Common Exclusions:

1. Wilful Damage: Any damage caused intentionally or through gross negligence is not covered.

2. Wear & Tear: Normal ageing, gradual deterioration, and maintenance-related issues are excluded.

3. War & Nuclear Perils: Damage from war, invasion, nuclear radiation, or radioactive contamination.

4. Unoccupied Property: If your home is unoccupied for more than 30-60 days (varies by insurer) without informing the company, claims may be rejected.

5. Illegal Activities: Damage caused during or due to illegal activities on the premises.

6. Pre-existing Damage: Any damage that existed before the policy start date.

7. Specific Perils (unless added): Earthquake, terrorism, and flood are often not included in standard policies and must be added as riders.

8. Cash: Cash kept at home is covered only up to Rs 10,000-50,000 depending on the policy.

Always read the policy wording carefully before purchasing to understand all exclusions.

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