Property Insurance

Protect Your Home and Valuables with Bajaj General Property Insurance

Imagine your home or office building could talk. What would it say? Perhaps: "Thank you for the beautiful paint job, but what about some protection from fire, flood, or theft?" In a world full of uncertainties, calamities, burglary, and accidental damage, your most prized possession deserves more than just admiration; it deserves protection. This is where property insurance becomes not just a financial product but a necessity.

With rising risks and increasing property values, the need for property insurance online is stronger than ever. And when it comes to reliable protection, Bajaj General Insurance Limited offers a standout solution with its My Home Insurance All Risk Policy, covering not just your building but also its contents, valuables, and much more. Whether you are a homeowner, tenant, or an organisation, Bajaj General Insurance Limited ensures that your investment stays safe—today, tomorrow, and always.

What is Property Insurance?

Property insurance is a type of general insurance policy that covers buildings, homes, apartments, offices, and their contents against loss or damage due to unforeseen events. These can include:

●      Fire

●      Theft

●      Earthquake

●      Flood

●      Vandalism

●      Lightning

●      Explosion

Depending on your policy, coverage can extend to portable electronics, jewellery, paintings, and even rental expenses incurred during repair or rebuilding.

Today, it’s easy and quick to purchase property insurance online with real-time property insurance quotes online available at your fingertips.

Why Property Insurance Matters?

A home or building isn’t just bricks and cement; it’s often a lifelong investment. One natural disaster or accident could wipe away years of savings. That's why property insurance is more than a product—it's peace of mind. Some key reasons why you need it:

●      Financial protection from heavy losses

●      Support during emergencies

●      Compliance with housing loan requirements

●      Covers both structure and contents

●      Optional add-ons for increased coverage

For individuals and MSMEs alike, property insurance bridges the gap between vulnerability and security.

Unique Features of Bajaj General Insurance Limited Property Insurance

Let’s break down the highlights of the My Home Insurance All Risk Policy that make it one of the most inclusive property insurance solutions available today:

1. All Risk Cover Under One Policy

You get a single policy covering:

●      Building (Structure)

●      Contents

●      Jewellery & Valuables

●      Paintings, Curios, and Works of Art

●      Portable Equipment (Laptops, Cameras, etc.)

2. No List Required for Contents Above INR 5 Lakhs

When your contents are valued above INR 5 Lakhs, you don’t need to submit an itemised list. This simplifies the onboarding process for customers.

3. Worldwide Coverage

Get global protection for jewellery and portable items by paying an additional premium.

4. Flexible Tenure Options

Choose a coverage period from 1 day to 5 years—perfect for both short-term renters and long-term owners.

5. Waiver of Average Condition

On agreed value basis,Bajaj General Insurance Limited waives off the average condition clause, meaning you don’t face deductions even if you’re underinsured.

Types of Coverage Offered

Bajaj General Insurance Limited offers multiple coverage bases for different assets, giving customers the flexibility to choose the best option for their needs.

For Buildings

●      Agreed Value Basis – For flats/apartments; based on market-ready reckoner rates

●      Reinstatement Value Basis – Covers full rebuilding cost for both flats and independent houses

●      Indemnity Basis – Covers depreciated value after wear and tear

For Contents

●      New for Old Basis – Replacement value for items under 5 years old

●      Indemnity Basis – Covers depreciated value for older items

For Jewellery & Valuables

●      Market Value – Based on listed prices or valuation

●      Agreed Value – Subject to submission of a valuer’s report

●      Loss Limit Basis – Choose between 25% and 40% of total sum insured

For Paintings & Works of Art

Always covered on Agreed Value Basis with a professional valuation report.

Why Bajaj General Insurance Limited for Property Insurance?

Here’s what sets Bajaj General Insurance Limited apart:

●      Transparent policy wording

●       Flexible sum insured options

●       Fast claims and 24x7 customer support

●       Ideal for homes, flats, independent buildings

●       Seamless add-on integration

●       Tailored for both individuals and MSME Insurance buyers

Whether you are a homeowner, tenant, or business owner protecting staff residences, Bajaj General Insurance Limited has you covered.

Add-On Covers Available

Want more protection? Choose from these add-ons:

●      Loss of Rent

●      Temporary Resettlement

●      Key & Lock Replacement

●      ATM Withdrawal Robbery Cover

●      Lost Wallet Cover

●      Dog Insurance

●      Public Liability Cover

●      Employee’s Compensation Cover

These additional benefits are especially useful for homeowners, tenants, and small businesses under the MSME Insurance umbrella.

Rental Support & Emergency Benefits

Bajaj General Insurance Limited provides Alternate Accommodation Cover, where you get reimbursed for rent up to:

●      INR 50,000 per month under Platinum Plan

●      INR 35,000 per month under Diamond Plan

Plus, you can claim up to ₹ 20,000 for emergency expenses such as food, clothes, and medicines after a major loss, making recovery a little easier.

Premium Rates at a Glance

Annual premium rates are competitive, depending on the plan and type of coverage.

Examples:

●      Building cover starts at 0.032% to 0.038% of sum insured

●      Contents: 0.30% (Indemnity), 0.50% (New for Old)

●      Jewellery & Valuables: 0.50% to 1.80% depending on plan and limit

●      Paintings & Art: 1.00% flat

You also get long-term discounts up to 18% for multi-year policies.

What’s Not Covered (Exclusions)

Despite being comprehensive, there are standard exclusions to note:

●      Damage due to war, nuclear activity, and civil unrest

●      Wear and tear, depreciation

●      Defects due to poor maintenance

●      Theft without FIR or due to employee involvement

●      Valuables not declared

●      Mobile phones over 3 years old

●      Commercial use of insured property without disclosure

●      Property of immoral/unethical use

Always read the policy document carefully before proceeding.

Buy Property Insurance Online – Easy & Instant

Bajaj General Insurance Limited makes it extremely simple to buy property insurance online. The process is:

- Visit the official website

- Choose your plan and enter property details

- Get instant property insurance quotes online

- Upload necessary documents

- Make payment and download your policy instantly

No complex paperwork. No delays. Just efficient protection.

How to Claim Property Insurance?

Bajaj General Insurance Limited believes in seamless service. Here’s how to claim your property insurance:

- Call the 24/7 toll-free number

- Submit a filled claim form

- Provide supporting documents (FIR, bills, photos, etc.)

- Get inspection and quick processing

- Receive payment or cashless services

Thanks to digital infrastructure, you can also track claims online, further enhancing the ease of property insurance online.