I just bought a 2BHK flat in Mumbai and want to take home insurance. There are too many options, ICICI Lombard, HDFC ERGO, New India, Bajaj Allianz, etc. Which one is actually worth it? Looking for something reliable but not crazy expensive.
Buying a 2BHK flat in Mumbai is already a big investment, and securing it with the right home insurance is just as important. With so many options like ICICI Lombard, HDFC ERGO, New India Assurance, and Bajaj Allianz, it can get confusing to figure out which policy actually gives good value for money.
Top Home Insurances for 2BHK flat in mumbai:
ICICI Lombard Home Insurance for 2BHK in Mumbai
One of my colleagues in Powai went with ICICI Lombard. He liked that he could cover not just the flat but also furniture, electronics, and jewelry under the same policy. But he told me later that once he added high-value items, the premium shot up way more than he expected. Good coverage, but not cheap if you want to insure everything inside.
HDFC ERGO Home Insurance for Mumbai Apartments
When I was checking for my 2BHK in Andheri, HDFC ERGO looked attractive because they had add-ons like rent protection in case the flat became unlivable. Sounds great for landlords. But honestly, the claim paperwork looked like a headache, tons of documentation needed. I kept thinking, am I really going to manage all this if the house floods in monsoon?
New India Assurance Home Insurance for Flats in Mumbai
My aunt in Borivali picked New India Assurance since it’s government-backed and the premium was super affordable. She was happy with that. But when she actually read through the coverage, she noticed limits on flood claims. And if you live in Mumbai, you know floods aren’t optional. Cheap, yes. Complete peace of mind? Not so much.
Bajaj Allianz Home Insurance for Mumbai Properties
A friend of mine from Navi Mumbai went with Bajaj Allianz mainly because the online process was simple and quick. They also included burglary and fire cover in the base policy, which was nice. The only problem—when he filed a small claim for a damaged washing machine, they asked for the original bill. Who even keeps those for years?
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