Home Insurance

Home Insurance Policy
A home is a place, which provides you the warmth and peace that one looks forward to at the end of a hard day's work. However, our home can also be threatened with burglary, damages caused by natural and man-made disasters. To secure your home of any threat, it offers you Home Insurance Policy, which will provide security to the structure and/or contents of your home against unforeseen calamities.

Key Benefits of Home insurance
  • Be prepared for unexpected calamities
  • Secure your home against natural calamities like earthquakes, floods, cyclones, storms, etc.


  • Enjoy a 25% discount when you insure your household possessions
  • Protect your household possessions like durables, furniture and avail 25% discount when you opt for a 5 year content cover.


  • Don’t let water damages, stress you financially
  • Stay protected against water seepage and resultant damages.


  • Be at peace, your treasured possessions are secured
  • Protect your jewellery with our All-Risk Cover and stay worry-free


  • Protect your home from burglary, terrorism, theft, etc.
  • Cover your home against losses due to burglary, terrorism, etc.


  • Additional expenses of rent 1,00,000 for alternative accommodation
  • This cover provides for additional expenses incurred for the payment of rent, in case you have to shift to an alternative accommodation due to the action of perils covered under this policy.


  • Don’t let fire accidents burn a hole in your pocket
  • Cover damages due to fire or allied perils.


  • Think long term, get 50% discounts
  • You get a massive 50% discount when you opt for a 10 year structure cover.

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Frequently Asked Questions

Home insurance covers the following contents-
  • Furniture
  • Furnishing items
  • Expensive belongings
  • Precious items like jewelry, gemstones, etc.
  • Electronic items like laptops, televisions, etc.
  • Home appliances like refrigerator, washing machines, etc.

It is the cost which would incur on reconstructing the damaged property. As per standard regulations, reinstatement cost includes value of foundation and it doesn’t include land cost.

Sum assured for the structure and content is calculated separately in following pattern.

Sum assured for the structure

Sum assured = Built up area x cost of construction per square foot It is computed on the basis of reconstruction value and not on its market value. For instance, if the built up area of your house is 1500 sq. ft and the construction rate decided by the insurer is Rs 1000 per sq. ft., sum insured for your home structure would be Rs 15,00,000.

Sum assured for the conten

It is calculated either from the actual cash value (ACV) of the asset or from the replacement cost, i.e., Current Market Value – Depreciation

No. It is not compulsory for you to buy a home insurance policy from the bank sanctioning your home loan. Neither the Reserve Bank of India (RBI) nor the Insurance Regulatory & Development Authority (IRDA) of India has issued any guidelines that mandate you to buy home insurance from the bank where you have applied for a home loan. You can choose to buy homeowners insurance from any insurer of your choice. In case you designated bank forces you to buy home insurance from them, you can refuse them and file a complaint against them to the banking ombudsman.


Terms and Conditions apply. The values shown are for representation purposes only. Actuals may differ.

*Rs 20 lakh cancer cover at Rs 105 p.m. - This premium rate is for a 25 year old healthy non-smoker male for a term of 20 years, monthly premium payment frequency and without any additional benefits and is inclusive of all taxes. Crust Corporate Heart/Cancer Protect annual premium for ₹20 Lakhs Cancer Sum Assured is ₹1,180 inclusive of taxes.

#The critical illness benefit is an accelerated benefit and the death benefit will be reduced by the critical illness cover paid to the policyholder. To know more about the illnesses covered, please refer to the sales brochure. This is only available in Life & Health and All in One options.

+This benefit is only available under Life Plus & All-in-one options

1Tax benefits of Rs. 54,600(Rs. 46,800 u/s 80C & Rs. 7,800 u/s 80D) is calculated at highest tax slab rate of 31.20%(including cess excluding surcharge as per old tax regime)on life insurance premium u/s 80C of Rs. 1,50,000 and health premium u/s 80D of Rs. 25,000. Tax benefits subject to conditions under Section 80C, 80D,10(10D), 115BAC and other provisions of the Income Tax Act,1961. Good and Service tax and Cesses, if any will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above

  • You can choose to buy insurance for only the building (structure) of your home, or only the contents (belongings) or both.

  • The policy covers the losses to the structure and/or contents of your home due to any natural and man-made calamities.

  • The following fire and special perils are covered:
    • Fire
    • Lightning
    • Impact Damage
    • Aircraft damage
    • Explosion / implosion
    • Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
    • Riot, Strike, Malicious Damage
    • Subsidence and Landslide including Rockslide
    • Bursting and/or overflowing of water tanks, apparatus and pipes
    • Missile testing operations
    • Leakage from automatic sprinkler installations
    • Bush Fire

  • Earthquake Cover

    Under the earthquake cover, the policy covers loss or damage (including loss or damage by fire) to any of the property Insured by this policy occasioned by earthquake including Landslide / Rockslide resulting therefrom but excluding flood or overflow of the sea, lakes, reservoirs and rivers caused by Earthquake. Sum Insured for this cover is identical to the Sum Insured against the risk covered under main policy except for the value of the plinth and foundations of the building(s)


  • Burglary cover and theft cover (only for contents)

    The contents of your home are also covered against loss due to burglary or theft or an attempted burglary. It also covers loss of jewellery, silver articles and precious stones kept under lock and key, up to 25% of the total content sum insured or 1 Lakh, whichever is lower. Jewellery, silver articles and precious stones are only covered for Burglary cover and not for Theft.


  • Additional expenses of rent for alternative accommodation

    If you are forced to shift into an alternative accommodation because your home is destroyed or damaged by any insured peril, the policy will cover you against the additional rent. The maximum coverage is up to Rs.1 Lakh for up to 6 months. This cover is available only if you are insuring the structure of your home.


  • Optional covers
    • Terrorism Cover

      Covers any damages and losses to the structure and / or contents of your home due to acts of terrorism.

  • Losses if your house has been unoccupied for more than 30 days without any notice to Crust Corporate Team.
  • Electrical/Mechanical breakdown
  • Wilful destruction of property.
  • Loss, damage and destruction caused by war, wear and tear etc.
  • Losses if your home has been unoccupied for more than 30 days, without prior notice to ICICI Lombard.
  • Cash, bullion, painting, works of art and antiques.

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