Property Insurance

What is Property Insurance?

Be it one’s home, apartment, business, café or hospital; a property insurance is an insurance policy to protect the building and its contents from risks such as fires, burglaries, natural disasters, and other unfortunate incidents. 

Chances are that you’re here because you’ve just bought your dream home and are looking for ways to protect it. After all, apna naya ghar hai, you’re going to want to do all that it takes to keep it safe and sound.

Or perhaps you’ve been running your own business and are looking to protect your shop or office premises from anything that could harm it. After all, any business is sensitive, and you’d want to do everything in your capacity to ensure there are no great losses.

So, whether it’s a store you’re looking to protect or your beautiful home, a property insurance by Digit comes with two primary benefits; protection against fire and natural calamities (Standard Fire & Perils) and burglary as well since all properties are prone to the risk of the same. This helps keep potential damages and losses at bay, by being there for you and covering you through all unfortunate circumstances such as fires, natural calamities, burglaries, and explosions amongst other unforeseen events that may come your way.

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Not sure whether a Property Insurance makes sense?

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

What’s great about a Property Insurance by Digit?

  • Value for Money: Property Insurance is a big deal, after all its essential purpose is to cover for both your building and everything present in it! Therefore, you’ll see that property insurance premiums are usually high. However, we try our best to give you the best possible and most affordable premium to insure your property. 
  • Digital Friendly: Being one of India’s first online insurance companies, we try and keep all our processes, right from buying a property insurance to making claims, digital. So even when there’s an inspection required for property insurance claims, you can just do it online! (Except for claims above Rs 1 lakh. As per the IRDAI, those need to be done manually only)
  • 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 for the things that YOU own.

What’s Covered in Property Insurance by Digit?



Protects your property and its contents from damages and losses caused due to an accidental fire!

Explosion & Aircraft Damage

Explosion & Aircraft Damage

Covers your property from any damages or losses caused due to an explosion or even an aircraft damage!



For times when a storm storms into your property too! Covers for damages due to nature’s furies such as a dreadful storm or even lightning.



Protects your property from losses and damages when the rains are out of control, leading to floods that could also impact your property.



Unfortunately, burglaries are common in India. However, a property insurance helps protect both your property and its contents from any losses that occur due to the same. Covered in Digit Burglary Insurance Policy (UIN: IRDAN158RP0019V01201920).



Nobody can avoid nature’s furies but, what you can do is ensure you’re covered for any potential losses that could come your way. A property insurance also covers for damages and losses that occur due to natural calamities such as earthquakes.

Our Property Insurance Offerings

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, burglaries, storms, etc.

Business & Shop Insurance

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 amongst others from potential damages and losses caused due to natural calamities, burglaries and fires. 

Types of Property Insurance Plans

At Digit, our insurance covers your property for fire and natural calamities such as floods and earthquakes through our Digit Standard Fire & Special Perils policy. Since properties are always at a risk of burglary, we also cover burglary. This way, your property is not only protected from damages and losses due to fires and natural calamities but also from burglary. For easy understanding, 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 Property Insurance

  • Content - If you’re confused as to what ‘contents’ refers to in Property 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 property insurance will cover for the contents; i.e. your laptop too.  
  • Building/Structure - As the name suggests, a ‘Building’ or ‘Structure’ in your Property Insurance refers to the entire property you’re covering. For instance, if you’re looking to protect your home or a standalone villa, your entire villa is what would be referred to as the ‘building’ covered for.

Who needs a 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; a property insurance ensures one is protected from a large amount of damages and losses that could arise due to unforeseen circumstances such as any natural calamity, explosion, fire, or even a burglary! 

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 property insurance is only dedicated for people who own properties. However, at Digit we provide property 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 property 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, Digit’s Property Insurance is suitable for all types of businesses. If you’re someone running an independent, small business, a property 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 burglary.  

Medium Business Owners

If you run a chain of general stores, restaurants or a medium sized enterprise; a property 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 properties owing to the large operations of your business, a property insurance is vital in protecting not one but all your properties 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

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!

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 by Digit.

Independent Villa

If you own or have rented an independent villa or house, a Property Insurance is vital to protect your villa and its contents from potential risks such as burglaries, floods, storms and other unforeseen circumstances.

Types of Shop & Business Properties Covered

Mobile and Other Electronics

Businesses that primarily sell mobile phones, mobile accessories or other electronics. Stores like CromaOnePlusRedmi, 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 neighborhood kirana shops to your budget friendly supermarkets and general stores; all grocery stores and general stores too are covered for in a property insurance. Shops like Big BazaarStar Bazaar and Reliance Supermarkets are some common examples of the same. 

Offices and Educational Spaces

This category as part of our Property Insurance is 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.

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 favorite malls and clothing stores to spas, gyms and other stores; a Property Insurance by Digit also covers for all businesses in the personal lifestyle and fitness sector. Examples of such properties includes Enrich SalonsCult Fitness CentersPhoenix Market City, and other stores.

Food and Eatables

The one place everyone devours! From cafes and food trucks to restaurant chains and bakeries; a Property Insurance by Digit is well-suited for all kinds of eatery joints as well. Some examples of such properties include restaurants at food courts, tea shops like Chai Point and Chayyos and fast food joints like Burger King and Pizza Hut as well. 


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


Apart from the categories mentioned above, a property 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 property insurance for your home or business.

Know more about Property Insurance in India

FAQs about Property Insurance Policy in India