In many countries like USA, UK, Asia, France, etc almost has every home being insured, but in India hardly 3% homes are being under any home insurance policy. This negligence is done over a long time about home insurances in India, though we have some of the best home insurance companies.

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Majority of us spend our livings and savings too, to build a house. We must also take care protecting it from other risks like man-made or natural disasters that arises and destroy everything in its path. Natural calamities, earthquakes, floods, etc, can damage your house and assets which are valuable to you. It’s absolutely true that you can’t control a natural disaster, but it’s always possible to mitigate the losses and also take some precautions. Home insurance policy gives you the opportunity to mitigate the losses by covering the financial needs for repairing damages done by any such calamities.

The vastness of home insurance policies makes it cover not only damages to your house, but the loss of assets in the house due to the calamities too. Addition to that if you are a renter, you can also take home insurance policy. There are also many insurance companies available for renters.

Home insurances are not offered by life insurance companies. It is mainly covering any risk like flood, fire, earthquake, landslide, etc, many things that can deal damage to your home. This can extend to the risks that may cause damage to your house like theft, riots, strikes, burglary, etc.

Some of the best home insurance policies also provide following coverages:

• Structural damage on the House only.
  
• The valuable assets or belongings in the house like furniture, jewellery, or appliances, etc.
  
• Sometimes even both of the above points.
  

Let’s go straight to the list of best home insurance providers, as protecting your home is a priority to you. The best of house insurance companies are overviewed as below:

Bajaj Allianz:

This general insurance company is one of the leading in any sector such as health, car, travel, etc, insurance policies. For their excellent home insurance plans for their customers, Bajaj general insurance was awarded in 2015 with the ‘Best General Insurance Company Award’. We will be discussing their ‘My Home Insurance’ plan more briefly here:

• Covers the loss or damages to the building.
  
• This policy also covers loss or damages on the home assets as well.
  
• Also providing coverage against portable equipment that may be got damaged in the calamity.
  
• Loss or damages on valuable items are also covered.
  

Bharati AXA:

In insurance industry Bharati AXA group has found itself as one of the leaders in both insurance and asset management. With 150,000+ employees, the company has millions of client across the world. Providing many insurance products, as well as they provide many general insurances in India and so they provide home insurance products too. The salient features they hold by the home insurance services include safeguarding the house against any unwanted and unpredictable event. Some of them are as follows:

• This policy also covers damages on the building and the home asset as well.
  
• Other valuable items like jewellery, will be covered under PAN India.
  
• This policy is for both tenant and the homeowners too.
  
• This also includes accident cover for your whole family.
  
• Interestingly this policy can cover for up to 3 pedigree pets.
  
• As it is one of the top home insurance companies, the claim settlement of Bharati AXA home insurance company is up to the 10 days’ time.
  

Cholamandalam:

This home insurance policy that is offered by Cholamandalam Ms General Insurance Company covers loss or damages done to the structure of the house as well as to the assets. Besides home insurance, they provide mode general insurance products and plans. Their home insurance plans also hold some key features that makes them to our best list. They are as follows:

• This comprehensive home insurance policy holds coverage for many things. From the structure of the house to the contents it hold, that means the assets and even the family members, against any unfortunate event.
  
• This insurance provides coverage from burglary or house breaking and events damaged by electrical or domestic appliances additionally.
  
• Even the coverage includes the assets in someone’s rented house.
  
• The flexibility in this matter is the most. You can choose what things you want to cover under the insurance coverage.
  
• It is one of the cheapest home insurance companies because the premium for their policies are comparatively very low.
  
• A hassle-free and simple onboarding process.
  
• Very quick and easy in the matter of claims.
  

Future Generali:

One of the largest general insurance providers include the name of Future Generali which is a joint venture of Generali and Future group of industries. Starting its way back in 2007 in India. It has grown itself in 125 locations across India. With its range of products, they also offer home insurance plans. The salient features of their home insurance policy are:

• Providing all the coverages for the property and the assets in the house, as well as the family members.
  
• Affordable premium amount.
  
• Quick and simple claim settlement process with an in-house claim settlement unit as an advantage.
  
• Portable equipment like laptops can also be covered in insurance plan.