Property & Home Insurance in Nepal
Compare property insurance plans. Home, building & asset protection against fire, earthquake & natural disasters from Nepal's top insurers.
What is Property Insurance?
Property insurance protects your home, building, and contents against damage from fire, earthquake, flood, lightning, theft, and other perils. In Nepal, property insurance is especially vital given the country's high seismic risk — the 2015 earthquake caused over NPR 700 billion in property damage. Plans cover residential homes, commercial buildings, and household contents with coverage based on property valuation.
Why Choose Property Insurance in Nepal?
Earthquake protection — Nepal lies in a seismically active zone; property insurance covers rebuild and repair costs after quakes
Fire and natural disaster coverage protects your largest financial asset against floods, landslides, and lightning
Required by banks — most mortgage lenders in Nepal mandate property insurance as a loan condition
Contents coverage protects furniture, electronics, jewelry, and valuables inside your home against theft and damage
How to Compare Property Insurance Plans
Get your property valued — coverage is based on reconstruction cost, not market value of land
Compare perils covered — basic fire-only plans are cheaper but earthquake and flood add-ons are essential in Nepal
Check exclusions carefully — most plans exclude war, nuclear damage, wear and tear, and intentional damage
Review claim procedures and documentation requirements so you're prepared if disaster strikes
Key Factors for Property Insurance
Sum Insured Basis
Insure for full reconstruction value, not market price. Under-insurance means you'll receive only a proportional claim payout.
Earthquake Cover
Standard fire policies don't include earthquake. In Nepal, earthquake add-on is essential — typically adds 15-25% to premium.
Contents vs Structure
Structure covers walls, roof, and fixtures. Contents covers furniture, appliances, and valuables. Consider both for complete protection.
Excess / Deductible
The amount you pay from your pocket per claim. Higher excess means lower premium but more out-of-pocket cost during claims.