Home & Property Insurance
Home and property insurance — structure and contents cover, natural-calamity and theft protection, and correct sum insured.
- Estimate Cost
- ₹2,000 – ₹15,000
- Typical duration
- 3 days
Service overview
- Home and property insurance protects your house structure and contents against fire, floods, earthquakes, storms, burglary and similar perils
- Options include structure-only, contents-only, tenant policies and home loan-linked cover, with add-ons for jewellery, electronics and alternative accommodation
Who needs it? / When is it needed?
- Homeowners, flat owners and housing societies.
- Tenants who want to protect their belongings.
- When you buy or build a home, take a home loan, renovate, or own high-value contents.
What to expect from the WCP Professionals
- Assessment of property type, location risk and replacement value.
- Advice on sum insured for structure and contents, including standard products such as Bharat Griha Raksha.
- Comparison of insurer quotes and add-ons.
- Help with proposal forms, issuance and future claims.
Key deliverables
- Valuation-based cover recommendation.
- Comparative quote sheet.
- Issued policy with a coverage and exclusions summary.
Standard turnaround time
- Advice and quotes: 2–4 working days.
- Policy issuance: 1–3 working days after payment
Government fees, timelines & key outcomes
- No government fee; you pay only the premium to the insurer.
- GST at 18% applies on general insurance premiums such as this one.
- Key outcome: financial protection for your home and belongings against unexpected loss.
Forms & filings involved
- Insurer proposal form.
- Declaration of contents and high-value items with values.
- Lender endorsement for loan-linked policies.
Documents required
- Property ownership or rent agreement.
- Address proof, PAN and KYC.
- List of contents with invoices or valuations, especially jewellery and electronics.
- Home loan sanction letter, if applicable.
What we need from you
- Accurate property area, construction cost and contents values.
- Photographs of the property and valuables.
- Timely premium payment.
Important conditions
- Under-insurance can reduce claims proportionately.
- Wear and tear, poor maintenance and some named exclusions are not covered.
- Burglary claims need an FIR and evidence of forced entry.
Additional information
- Long-term (multi-year) home policies are available at discounted premiums.
- Update the sum insured after renovation.
- Related services: Insurance Claims Assistance, Risk Assessment & Coverage Analysis.
The estimated cost covers indicative professional fees only. Government fees, stamp duty and taxes are payable at actuals.
How it works
- 1. Raise a service enquiry describing your requirement.
- 2. A Relationship Manager reviews it and opens it for bidding.
- 3. Pay into escrow and assign the professional you select.
- 4. Track progress to completion, then accept and release payment.
Frequently asked questions
What does home insurance cover?
Damage to the building and contents from fire, natural calamities, theft and other insured perils, as per the policy.
How is the sum insured decided?
On the reconstruction cost of the building and the value of contents, not the market price of the property.
Is home insurance mandatory?
No, but lenders often require it for home loans, and it is inexpensive relative to the risk.
Does it cover earthquakes and floods?
Standard home policies usually cover natural calamities, but the wording should be checked.