What is Property Insurance?

Be it one’s home, apartment, business, café or hospital; a property insurance is an insurance policy to protect the building and its contents. The policy covers loss/damage/destruction to insured property because of fire, theft, impact damage, landslides, rockslides, natural calamities, etc. So, whether it’s a store you’re looking to protect or your beautiful home, buying a property insurance policy from Digit is important. This helps keep potential damages and losses at bay, by being there for you and covering you through unfortunate circumstances.  

Why is Property Insurance Important?

• India recorded 1.6 million fire accidents in 2021.
• 64% of people in India are not equipped to handle home safety threats.
• Fire Outbreak is ranked as the 3rd biggest risk to business continuity and operations.
• 70% of India’s Thefts are Home Thefts.

COVERGES

Fire

Protects your property and its contents from damages and losses caused due to fire!

Explosion & Implosion

Covers your property from any damages or losses caused due to an explosion or implosion.

Storms

For times when a storm storms into your property too! Covers for damages due to nature’s furies such as a dreadful storm, cyclone, hurricane, etc or even lightning. Floods Protects your property from losses and damages when the rains are out of control, leading to floods that could also impact your property.

Earthquakes

Nobody can avoid nature’s furies, but a property insurance covers for damages and losses that occur due to natural calamities such as earthquakes, landslides, etc.

Impact Damage of any kind

The policy also covers damage caused to the property or its contents because of any external physical object like vehicle, falling tree, etc.

Acts of terrorism

If the insured property suffers damage due to any act of terrorism, the policy will cover you against the damages.

Riots, Strikes

Loss or damage to property because of riots, strikes is also covered by a property insurance policy.     Home Insurance A home insurance is designed to suit your home; whether it’s an apartment, villa or independent building; a home insurance helps you cover for your house and its contents from unforeseen circumstances such as fires, explosions, floods, storms, etc.  

Business & Shop Insurance

A business or shop insurance plan is designed to protect business related properties, such as kirana shops, boutiques, general stores, office premises, factories, and malls amongst others from potential damages and losses caused due to natural calamities, and fires.  

Offices and Educational Spaces

This category as part of our Property Insurance is designed to suit office premises and educational institutions such as colleges, schools, and coaching classes. Insuring such a property isn’t only vital to protect losses but, also give your employees or students more confidence towards your respective institution.  

Healthcare Providers

One of the most vital properties like hospitals, clinics, diagnostic centres and pharmacies are also covered under Property Insurance policies    

Options of Property Insurance Plans

 

Option 1
Covers only the contents of your home or business.
Option 2
Covers both your building and the contents of your home or business.
Option 3
Covers only your building.

  Explanations mentioned in “What’s Covered & What’s Not Covered?” are illustrative and will be subject to terms, conditions and exclusions of the Policy. Please refer to the Policy Document for more details