Building Insurance

What is a Building Insurance?

Whether you’d like to protect a commercial building or your residential apartment; a building insurance is a customized insurance policy that will help protect your building from unforeseen circumstances such as fires, burglaries, natural disasters and other risks.

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Not sure why a Building insurance is important?

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2,44,119 cases of robbery, burglary, dacoity, etc. took place in residential premises, in India.(1)
Businesses affected by building fires see a 25-30% dip in footfall and business.(2)
2017 saw an increase of 40% in loss of property stolen from residential premises in India. (3)
Fire Outbreak is ranked as the 3rd biggest risk to business continuity and operations. (4)
70% of India’s Thefts are Home Thefts. (5)

What’s great about a Building Insurance by Digit?

  • Value for Money: To cover for a building may seem like an expensive affair. However, given that our insurance is completely online and digital, our costs are lesser and hence the premium too is lesser and more affordable than what you may find otherwise. 
  • Digital Friendly: Being one of India’s first online insurance companies, most of our processes; right from buying a building insurance to making claims can be done online! So even when there’s an inspection required for a claim, you can just do it online. However, for claims above Rs 1 lakh. As per the IRDAI, those need to be done manually only.
  • Covers All Business Categories: Whether you’re looking to cover your office building or your chain of retail stores, we cover all business categories big and small.
  • Plans for Renters: A lot of millennials today are choosing to rent than own and that’s why, one may not find the complete building insurance plan relevant. Hence, we’ve built customized building insurance plans for those who’d like to cover for only the things that they own in their rental apartments as well.

What’s covered in a Building Insurance by Digit?

Explosion & Aircraft Damage

Explosion & Aircraft Damage

Covers your building from damages and losses that could occur due to an explosion or even aircraft damage.



Nature’s furies are unpredictable. A building insurance covers for the damages and losses that happen when a storm storms into your building too!



Excess water can lead to various damages. This building insurance also covers for any damages and losses caused to your building in the case of a flood.



Protects your building and its contents from damages and losses that can be caused due to a building fire.



Ensure you’re always protected for the worst. Earthquakes can lead to severe damages! This building insurance covers you against its losses caused due to the same.



Burglaries can occur anywhere, and especially occur in residential buildings. In case of damages and losses caused due to the same, your building insurance will cover for it. Covered in Digit Burglary Insurance Policy (UIN: IRDAN158RP0019V01201920).

Types of Building Insurance Plans

At Digit, our insurance covers your building against fire and natural calamities such as floods and earthquakes through our Digit Standard Fire & Special Perils policy. However, since buildings are also at a risk of burglary, we also cover burglaries. This way, your building will not only be protected from damages and losses due to fires and natural calamities but also from burglary. To simplify this for you, we have differentiated coverage options as below:

Option 1

Option 2

Option 3

Covers only the contents of your home or business.

Covers both your building and the contents of your home or business.

Covers your building, contents of your home or business and, valuables such as cash in safe or shop counter.

Things to know about Building Insurance

  • Content - If you’re confused as to what ‘contents’ refers to in a Building Insurance, it refers to your personal belongings in your house. For example, if there’s a burglary in your house and your laptop is stolen; your building insurance will cover for the contents, i.e. your laptop too.  
  • Building/Structure - As the name suggests, a ‘Building’ or ‘Structure’ in your Building Insurance refers to the entire property you want to cover. For instance, if you’re looking to protect your family’s standalone building, your entire building is what would be referred to as the ‘building’ covered for.

Our Building Insurance Offerings

For your Home

For your Home

A building insurance for your home; whether it’s an apartment in a gated community, or a standalone building; helps you cover for your house and its contents from unforeseen circumstances such as fires, explosions, floods, burglaries, storms, etc.

For your Shop and Business

For your Shop and Business

A building insurance for your shop or business is designed to help you protect your commercial buildings; i.e. office premises and standalone shops from potential damages and losses caused due to natural calamities, burglaries and fires.*

Who needs a Building Insurance?

Home Owners

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.


Typically, people assume a building insurance is only dedicated for people who own their properties. However, at Digit we also have customized building insurance policies for those who’ve rented homes or even, offices for their respective businesses. So, if you’re someone who falls into this category, a building insurance is designed for you too! 

Small Business Owners

Whether you run a small general store or a small boutique with customized fashion and handicrafts, this building insurance is customized to suit all types of businesses. If you’re someone running an independent, small business, a building insurance would be vital to protect your business from any potential losses and risks that could arise out of circumstances out of your control; such as natural calamities and burglaries. 

Medium Business Owners

If you run a chain of general stores, restaurants or a medium sized enterprise; a building insurance is also suited for medium sized business owners to cover for any damages and losses that could be caused due to a burglary, fire, explosion or natural calamities such as floods, storms and earthquakes.

Large Enterprises

If you’re someone who owns multiple buildings owing to the large operations of your business, a building insurance is vital in protecting not one but all your buildings that will not only help reduce business risk, but also improve goodwill for being a responsible business enterprise.

Types of Home Properties Covered

Individual Apartment

If you live own or live in a rented independent flat that is either part of a housing society or a standalone building, our customized offerings are well suited for you.

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 building insurance by Digit. 

Independent Villa

If you own or have rented an independent villa or house, a building insurance will be applicable for the same, to protect your villa and its contents from potential risks such as burglaries, floods, storms and other unforeseen circumstances.

Types of Business and Shop Properties Covered

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 buildings. In such a case, a building 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 neighborhood kirana shops to your budget friendly supermarkets and general stores; all grocery stores and general stores too are covered for in a building insurance. Shops like Big Bazaar, Star Bazaar and Reliance Supermarkets are some common examples of the same. 

Offices and Educational Spaces

Designed to suit office premises and educational institutions such as colleges, schools, and coaching classes. Insuring such a property isn’t only vital to protect losses but, also give your employees or students more confidence towards your respective institution.

Personal Lifestyle and Fitness

From your favorite malls and clothing stores to spas, gyms and other stores; a Building Insurance by Digit also covers for all businesses in the personal lifestyle and fitness sector. Examples of such properties includes Enrich Salons, Cult Fitness Centers, Phoenix Market City, and other stores.

Food and Eatables

The one place everyone devours! From cafes and food trucks to restaurant chains and bakeries; a building insurance by Digit is well-suited for all kinds of eatery joints as well. 


One of the most vital properties that should be protected; a building insurance also covers for Hospitals, Clinics, Diagnostic Centers and Pharmacies and other Medical Stores. 

Home Repair Services

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


Apart from the categories mentioned above, a building insurance by Digit is suitable for all sizes and nature 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 building insurance for your home or business.

Know more about Building Insurance

FAQs about Building Insurance Online in India