What home insurance actually covers
Home insurance covers structure and contents against fire, theft and natural events. Widely under-bought in India relative to how much household wealth sits in property.
The cover in plain terms
Structure and contents against fire, theft and natural events. Widely under-bought in India relative to how much household wealth sits in property.
What it does not cover
Every policy has exclusions, and they are the part worth reading twice. Look specifically for waiting periods, sub-limits, co-payment clauses and anything described as "reasonable and customary charges" — that phrase is where claims shrink.
Where it sits in the family plan
Insurance is not an investment and should not be judged like one. Its job is to stop one bad event from undoing years of saving. Buy for the catastrophe you cannot fund yourself, and self-insure the small stuff.
Where FamTally comes in
FamTally holds every policy the family has — home insurance included — with sum assured, premium, frequency, renewal date and the members it covers. It totals your cover so gaps are obvious, puts premiums into your monthly cashflow, and reminds you ahead of each renewal. Free to use.
Stop doing this in a spreadsheet
FamTally keeps your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and answers questions about your own numbers. Free, and built for Indian families.
Start freeQuestions people ask
What does home insurance cover?
Structure and contents against fire, theft and natural events. Widely under-bought in India relative to how much household wealth sits in property.
How much cover should we take?
Structure cover at rebuild cost, not market value — land does not burn.
What happens if it lapses?
Annual, often multi-year for structure-only policies.