It covers losses and damages to the physical structure of the house.
2. It covers losses and damages to the property/possessions present in the home like electrical appliances, furniture and fixtures, and jewellery if included in the policy document.
3. The policy covers damages arising out of natural calamities (fire, earthquake, bursting of pipes) and man-made reasons like theft, burglary, etc)
4. The policy tenure can be 1 year or you can avail of a longer tenure. If you have taken household insurance cover only for the building structure, then the policy tenure ranges from 1 to 30 years. However, if you have taken the home policy for home content only or both - the building structure and the home content, then policy tenure ranges from 1 to 5 years.
5. It also offers cover to an additional structure around the insured house like garages, pool, mailbox, etc.