Property Insurance for your  Home, Shop and Business
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Property Insurance Online for your Home, Shop, Office & Building

What is Property Insurance?

Property Insurance

What is Property Insurance?

Property insurance is a type of insurance policy that protects your physical assets, such as your home, shop, office, or building, against loss or damage caused by events like fire, theft, vandalism, natural disasters, or accidental damage. It covers the structure, contents, and in some cases, even third-party liabilities arising from incidents on the insured premises.

Whether it's one’s home, apartment, business, café, or hospital, a property insurance policy is designed to protect the building and its contents.

Just like a helmet protects your head, property insurance safeguards your physical space and belongings from any sudden disasters.

Why Do You Need Property Insurance?

Property insurance is essential because it protects your valuable assets from unexpected financial losses. It also adds a layer of security and peace of mind, knowing that your investments are safeguarded.

Here are some of the reasons to have property insurance:

Protection Against Natural Disasters

Natural calamities like floods, earthquakes, cyclones, and storms can cause severe damage to your property. Property insurance ensures that you’re financially covered for repairs or rebuilding, helping you recover quickly without draining your savings.

Coverage for Fire and Accidental Damage

Fires, whether caused by electrical faults, kitchen accidents, or external factors, can result in significant losses. Property insurance covers the cost of repairing or replacing damaged structures and contents, reducing your financial burden.

Business Continuity Support

For commercial properties, insurance helps maintain business continuity. In the event of damage, it can cover the cost of loss, equipment replacement, and loss of income, ensuring your business remains operational during recovery.

Theft and Burglary Protection

If your home, shop, or office is broken into, insurance can cover the loss of valuables, electronics, inventory, or equipment. This is especially crucial for commercial properties where theft can disrupt operations and revenue.

Reduces Out-of-Pocket Expenses

Property insurance significantly reduces the financial burden during unexpected events. Instead of paying the full cost of repairs or replacements from your own savings, the insurance provider covers a substantial portion.

Peace of Mind

Knowing your property is insured gives you peace of mind. You’re protected from unexpected financial shocks, allowing you to focus on your life or business without constant worry about potential risks.

“You Think Property Insurance Isn’t Necessary?”

If you’re still thinking so, read on…

1

The Delhi Fire Services report a 14.8% increase in fire-related calls in the first four months of 2025 compared to the same period in 2024, indicating a rising trend in fire incidents. (1)

2
Home security systems in India are projected to reach 58.5% by 2025, expected to rise to 65% by 2029 (2), indicating that a majority of homes still lack a proper security system.
3
In 2024, a survey found that only 18% of Indians check their fire safety equipment annually, and 27% admit their homes are completely non-compliant. (3)
4

According to NCRB’s 2025 report, theft remains the most frequent crime, especially in urban areas. (4)

5
In 2024, India recorded 5.4 million displacements due to natural disasters such as floods, cyclones, and landslides, the highest in 12 years. (5)
6
In 2024- 25, 160,000 households in Assam were damaged due to floods and cyclones. (6)

What are the Benefits of Having Property Insurance?

Benefits

What are the Benefits of Having Property Insurance?

Protecting your home with home insurance offers several important advantages that go beyond just financial coverage. Here are some key advantages:

  • Complete Coverage: A property insurance policy helps protect your property (i.e. your building or store) and its contents, ensuring your pocket is spared from all possible losses. Additionally, many insurance providers also provide add-ons to increase your coverage as per your needs.
  • Reduces Business Risks: A property insurance policy also comes with customised ones to protect your shop and its contents, thus reducing the risk of business losses.
  • Peace of Mind: Whether it’s your store or your home, both hold a large amount of financial significance. A property insurance policy prevents you from facing significant losses and ensures that you have peace of mind knowing that the insurance company has you covered.

What are the Types of Coverage in Property Insurance Plans?

At Digit, our insurance covers your property and the content for fire and natural calamities, such as floods and earthquakes, through our Go Digit, Bharat Laghu Udyam Suraksha (UIN - IRDAN158RP0079V01202021), Go Digit, Bharat Sookshma Udyam Suraksha (UIN - IRDAN158RP0080V01202021) and Go Digit, Bharat Griha Raksha Policy (UIN - IRDAN158RP0081V01202021) for your Home.

There are three types of property coverage that you can select based on your requirements and financial constraints.

Only Content Cover

Building + Content Cover

Only Building Cover

It provides coverage only for the contents inside your home or business, such as stock, goods, machinery, etc.

Under this cover, you are fully protected against several threats to the building's structure and contents.

This policy covers damage to the building's (business & house) basic foundation, walls, and roof, among other structural elements.

Note: In home insurance, building refers to the physical aspect of your house and contents refers to the articles and things in your house.

Types of Home Buildings Covered Under Property Insurance

Individual Apartment

Individual Apartment

This is for those who live in independent flats that are either part of housing societies or standalone buildings. The same could be either a flat owned by you or rented by you. Our product is suitable for both!
Business & Shop Insurance

Independent Building

Perhaps you and your extended family live in a standalone building, owning or renting flats in the entire building. In this case, you can choose to cover for them all with a property insurance policy by Digit.
Villa

Independent Villa

If you own or have rented an independent villa or house, a Property Insurance policy is vital to protect your villa and its contents from potential risks.

Types of Shops & Businesses Covered Under Property Insurance

Whether you're running a small retail shop or managing a large industrial facility, property insurance provides financial protection for everything. Below are the key types of shops and business buildings commonly covered under property insurance in India:

Mobile and Other Electronics

Businesses that primarily sell mobile phones, mobile accessories or other electronics. Stores like Croma, OnePlus, Redmi, etc are good examples of such properties. In such a case, a property insurance would help protect the store and its primary contents from potential losses and damages; one of the most common ones in this case being burglaries.

Grocery and General Stores

From neighbourhood kirana shops to your budget-friendly supermarkets and general stores, all grocery stores and general stores too are covered in a property insurance. Shops like Big Bazaar, Star Bazaar, and Reliance Supermarkets are common examples of this.

Offices and Educational Spaces

Property Insurance is designed to suit office premises and educational institutions such as colleges, schools, and coaching classes. Providing insurance for such property isn’t only vital to protect against losses but also gives your employees or students more confidence in your institution.

Home Repair Services

This category of businesses includes everything from carpentry and plumbing repairs to motor garages and engineering workshops.

Personal Lifestyle and Fitness

From your favourite malls and clothing stores to spas, gyms and other stores; a Property Insurance policy offered by Digit also covers for all businesses in the personal lifestyle and fitness sector. 

Food and Eatables

The one place everyone devours! From cafes and food trucks to restaurant chains and bakeries, Digit's property insurance policies are well-suited for all kinds of eateries.

Healthcare

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

Franchise & Chain Stores

Branded outlets and pharmacy chains require uniform coverage across multiple locations. Insurance ensures consistent protection for inventory, signage, and customer liability.

Others

Apart from the categories mentioned above, a property insurance policy by Digit is suitable for different types, natures and sizes of businesses. If you can’t find your category in the list, feel free to get in touch with us and we’ll help you out in selecting the best-suited property insurance policy.

Who Needs Property Insurance?

Ideally, anyone who owns any type of property, whether it’s the house you’re living in or the offices that are part of your business, should have property insurance. Here’s who should consider it:

Homeowners

Whether it’s been your home for years, or is your newfound dream home, a house is anyone’s most precious possession. Thus, protecting it from circumstances out of your control is the least you can do to protect both your pocket and home.

Renters

Renters can insure their personal belongings and protect themselves from liability in case of accidental damage to the rented property. At Digit, we offer customised plans to insure homes and offices that are rented.

Landlords

Property owners who rent out residential or commercial spaces can purchase property insurance to protect their investment against risks such as fire, theft, vandalism, natural disasters, and tenant-caused damage.

Small Business Owners

Whether you run a small general store or a small boutique with customised fashion and handicrafts, property insurance policies offered by Digit are suitable for all types of businesses.

Medium Business Owners

Suppose you run a chain of general stores, restaurants, or a medium-sized enterprise. In that case, property insurance is a must to cover any damages and losses.

Large Enterprises

If you’re someone who owns multiple properties owing to the large operations of your business, a property insurance policy is vital in protecting not one but all your properties.

Why Choose Digit for Property Insurance?

Super-Simple Claims

Super-Simple Claims

When you think about insurance, you think about claims. With us, when you file a claim, you can expect a smooth, easy and quick process not to delay loss any further and to serve you better.

Zero Documentation

Zero Documentation

Don’t worry about the paperwork in your insurance anymore! Now you can easily buy your home insurance and make claims without any hassle! (Note: Claims above 1 lakh need manual inspection as per IRDAI).

Affordable Premium

Affordable Premium

Our Home Insurance policy starts from ₹150/year*. We’ve made our policy super affordable to protect your home and its contents. After all, it’s about protecting one of your most prized possessions!

Committed & Clarity

Committed & Clarity

Transparency and simplicity are what we stand by. That’s why with us, there are no hidden clauses. We’ve simplified our documents for even 15-year-olds to understand them.

Loved by Customers

Loved by Customers

We are trusted by 3 Crore + customers. This is inclusive of all policies/members/lives on-boarded from our inception.

24*7 Support

24*7 Support

We’re available to help you 24*7, with our call facilities operational even on national holidays.

What’s Great About Property Insurance by Digit?

  • Value for Money: We ensure your property is covered and the premium is affordable for you and under your budget.

  • Digital Friendly: With Digit, everything from buying a home insurance policy to making claims is simple and can be done online! (Note: Claims above 1 lakh will need manual inspection as per the IRDAI).
  • Covers All Business Categories: Whether you want to protect your family business, kirana store or a chain of stores, our property insurance is suitable for all kinds of businesses, no matter how big or small. 
  • Plans for Renters: We understand that millennials today are increasingly choosing to rent and not necessarily own. That’s why we also offer plans for renters that only cover the things that YOU own.
  • 24/7 Customer Support: Emergencies can occur at any time and without warning. Hence, we are always a ring away, no matter the time or day!

What’s Covered in Property Insurance by Digit?

Fire

Fire

Fire is dreadful and can lead to plenty of damage and losses to your home and its contents. Our home insurance policy will be there for you in such unfortunate situations!

Explosion & Aircraft Damage

Explosion & Aircraft Damage

Damages and losses caused by explosions or even aircraft damage will be covered for too in our house insurance.

Storms

Storms

Covers for damages due to nature’s furies, such as a dreadful storm, cyclone, hurricane, etc or even lightning.

Floods

Floods

Protects your house from losses and damages when the rains are out of control, leading to floods that impact your home and your belongings.

Earthquakes

Earthquakes

Nobody can avoid nature’s furies, but you can ensure you’re covered for any potential losses that could come your way. House insurance also covers damages and losses that occur due to earthquakes.

House Damage by Tree

Impact Damage of any kind

The policy also covers damage caused to the property or its contents due to any external physical object, such as a vehicle or a falling tree.

Terrorist Attack

Acts of terrorism

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

Weapon used in riots

Riots, Strikes

Loss or damage to property because of riots, strikes is also covered by a property insurance policy.

house sinking in flood

Leakage

If your insured property suffers damage due to water leakage due to a break in the water sprinkler, the cost can be covered with insurance.

What's Not Covered ?

What's Not Covered ?

  • Deliberate Damage: The policy does not cover any intentional destruction of the house by the owner or occupants.
  • War and Hostilities: Losses resulting from war, invasions, or war-like operations do not fall under the coverage.
  • Contamination and Radiation: Damages caused by ionising radiation or radioactive contamination are excluded.
  • Excluded Items: The policy does not cover bullion, unset precious stones, manuscripts, vehicles, or explosive substances.
  • Claim Processing Fees: Any expenses incurred for preparing a claim, such as documentation fees, are not reimbursed.
  • Electronic Damage: Any loss or damage to any electrical or electronic machine caused by internal issues are not covered.

 

Digit’s Property Insurance Offerings

International travel insurance is categorised based on the purpose of your foreign trip, its duration, the type of coverage and your needs. Here are some common types:

home insurance

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.
cafe shop

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, among others, from potential damages and losses caused by natural calamities and fires.

How to Buy Property Insurance with Digit?

Whether you’re buying your insurance policy from our mobile app or website, you can follow these easy steps and secure your home.

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Visit and Select Property Type

Go to Digit’s property insurance page or download the Digit App. Select your property type and enter your PIN code and mobile number.

View Prices and Enter Details

Click ‘View Prices’, enter your plan and home building details, and choose your plan.

That’s It!

You will receive a call from Digit’s support team.

Documents Required to Buy Property Insurance

When purchasing a home insurance policy, insurers typically require some basic documents for verification. Below is a list of optional documents that may be needed at the time of purchasing a policy:

Identity Proof

Address Proof

Property Proof

KYC Documents

Why Should You Buy a Property Insurance Plan Online?

why should you buy property insurance plan

Why Should You Buy a Property Insurance Plan Online?

Buying a home insurance plan online offers several compelling advantages. Here’s a breakdown of why it’s a smart move:

  • You can explore and purchase insurance plans anytime without visiting a physical office.
  • Online platforms offer instant quotes and quick policy generation after payment.
  • Online plans often come with discounts and eliminate agent commissions.
  • You can tailor coverage to suit your needs by selecting add-ons and adjusting the sum insured.
  • Transactions are encrypted and protected through trusted payment gateways.
  • Digital documentation reduces paper usage and supports eco-friendly practices.

What are the Factors that Affect the Premium of Availing a Property Insurance Policy?

What are the Factors that Affect the Premium of Availing a Property Insurance Policy?

A Property Insurance premium is primarily affected by the following factors:

  • Type of Property: The kind of property you’re insuring will have a direct impact on your property insurance premium. For example, a factory would have a higher premium than that of a General Store due to the difference in the nature of the property to be insured.
  • Age of Property: Like any other insurance policy, age is a prime factor in determining premium prices. The newer the property is, the lower its premium would be and vice versa.
  • Area of Property: The area of the property to be insured has the highest and direct impact on its property insurance premium. This is because a bigger property will have a higher sum insured and hence a higher property insurance premium.
  • Security Measures: Many homes and businesses today opt for various security measures to protect their homes and shops from risks such as burglaries and fires. Therefore, if your home or shop includes this, your risk and, hence, property insurance premium will be lower.
  • Additional Coverages: While a Property Insurance policy primarily covers the building and its contents, it also provides coverage for other valuable possessions, such as accidental damage in a shop or jewellery kept at home. You can opt for add-ons that will provide you with better coverage. However, it will increase the property insurance premium.

Tips to Compare & Select the Best Property Insurance Plans

How to Select the Right Sum Insured for a Property Insurance?

how to choose right sum insured

How to Select the Right Sum Insured for a Property Insurance?

Your Sum Insured refers to the total value of your property; i.e. also the maximum amount you can receive in case of a claim. Therefore, ensure that it accurately reflects the true value of your property. To choose the right sum insured for a property insurance, you must:

  • Evaluate the Property’s Market Value: Consider the current market value of the property, excluding the land cost, as insurance typically covers the structure and contents
  • Estimate Reconstruction Cost: Calculate how much it would cost to rebuild the property from scratch, including materials, labour, and architect fees.
  • Include Valuable Contents: Add the value of household items like furniture, electronics, appliances, and personal belongings that you want covered.
  • Factor in Location Risks: If your property is in a flood-prone or earthquake-prone area, opt for a higher sum insured to cover potential extensive damage.
  • Account for Inflation: Choose a sum insured that considers future increases in construction and material costs to avoid being underinsured.

How to File a Property Insurance Claim at Digit?

Filing a claim with Digit is a quick, simple and hassle-free process. We’ve listed out what you can do to file a claim with us:

1
2
3
1

Call us at 1800-258-5956. We will assist you in filing a claim and investigating the loss or damage as necessary.

2

Upload the required documents & your bank account details, on the link sent.

3

After verification, the approved claim amount is reimbursed to you.

Mumbai Fire Claim of ₹31.68 Lakh Settled by Digit in FY 2024 - 2025

mumbai-fire-claim

Mumbai Fire Claim of ₹31.68 Lakh Settled by Digit in FY 2024 - 2025

A devastating fire at a residential property in Mumbai left the homeowner facing massive damages. With losses mounting, Digit stepped in and settled a claim worth ₹31.68 lakh, one of our highest home insurance settlements in FY 2024 - 2025.

What mattered most was how seamlessly and transparently we handled the process. From the initial claim notification to the final settlement, everything was managed with clarity, speed, and genuine support.

At Digit, it’s never just about the property; it’s about the people who make it home. 🙂

FAQs about Property Insurance Policy in India