Property Insurance
Secure Your Assets with Tailored Property Insurance from CoverBee
Your property is not just a physical asset it’s a foundation for your financial future. At CoverBee, we help you safeguard your residential, commercial, and rented properties against unforeseen risks like fire, theft, natural disasters, and more. Whether you own a standalone building, lease a retail space, or manage multiple locations, our flexible plans ensure you’re never underinsured.
What is Property Insurance?
Property Insurance is a financial safeguard that offers coverage against damages or losses to buildings, structures, and contents caused by fire, theft, natural calamities (earthquakes, floods, etc.), or man-made events like vandalism or riots. It covers both the structure and contents of residential and commercial properties.
Why You Need Property Insurance
● Protection against natural disasters like earthquakes, floods, storms
● Covers fire, burglary, theft, and riots
● Financial support to rebuild or repair damaged property
● Secures the contents (furniture, electronics, documents) inside the property
● Peace of mind for homeowners, landlords, and business owners
● Tax benefits under Section 80C (in specific home-related cases)
Types of Property Insurance Offered by CoverBee
Homeowner's Insurance
Covers your home’s structure and personal belongings against damage or loss. Also includes third-party liability protection.
Renter's Insurance
Covers only your belongings (not the building structure) if you’re living in a rented property. Perfect for tenants.
Homeowner's Insurance
Covers your home’s structure and personal belongings against damage or loss. Also includes third-party liability protection.
Commercial Property Insurance
Designed for offices, shops, factories, and warehouses. Protects physical structure, machinery, and equipment.
Landlord Insurance
Provides protection to landlords from loss of rental income and structural damage due to fire, water damage, or tenant negligence.
Content-Only Insurance
Ideal if you own valuable equipment, electronics, or furniture and want to protect just the contents inside the property.
Key Add-On Covers for Enhanced Protection
Loss of Rent Coverage
Covers loss of rental income during property restoration after damage.
Terrorism Cover
Protects your property from damage due to acts of terrorism.
Valuable Assets Add-On
Special coverage for high-value assets like antiques, paintings, jewelry.
Equipment Breakdown Cover
Covers repair or replacement costs of essential systems like HVAC, elevators, etc.
What to Look for in Property Insurance
● Coverage Limit: Should reflect the full cost of rebuilding or replacing property
● Sum Insured for Contents: Don’t underestimate the value of your personal belongings
● Claim Settlement History: Choose an insurer with a good claim ratio
● Natural Calamity Protection: Check for flood, storm, earthquake clauses
● Fire Safety Compliance: Most commercial plans need fire safety audit approvals
What to Look for in Property Insurance
● Expert consultation to assess your asset value accurately
● Compare plans across top insurers for best deals
● 100% digital process with claim assistance
● Add-on customization to suit every need
● Special plans for shopkeepers, landlords, homeowners, and tenants
Property Insurance FAQs
A standard policy covers structural damage, fire, theft, natural disasters, electrical breakdown, and sometimes loss of rent.
Yes, many plans offer combined structure + content protection, ideal for homeowners or commercial setups.
Intentional damage, wear and tear, damage due to war, and certain unapproved modifications are excluded.
No, in most cases it is an add-on. You must check the policy or add flood/earthquake coverage separately.
Premium depends on the sum insured, property location, construction type, usage (residential/commercial), and selected add-ons.
Yes, tenants can buy content-only insurance to protect personal belongings.
Report the loss to the insurer immediately, take photos, file an FIR (if needed), and submit repair/replacement estimates.
- Reinstatement value covers the full replacement cost without depreciation.
- Indemnity value considers depreciation—lower premium but lesser claim amount.
It is not legally mandatory but is highly recommended, especially if you have a home loan.
Yes. Each property needs individual coverage unless you opt for a floater policy for commercial chains.