Hut Insurance
What is Hut Insurance?
Hut Insurance provides protection to rural property owners against losses or damages to huts and kutcha houses due to natural calamities, fire, and other unforeseen events. It ensures financial security to families living in temporary or semi-permanent structures, helping them rebuild after disasters.
Key Features Of Hut Insurance
Following are Key Features
- Protection
- Affordable
- Flexible
- Inclusive
- Support
- Documentation
Who Should Buy a Hut Insurance
- Rural Households
- Daily wage earners or laborers
- Farmers living in kutcha houses
- Beneficiaries under government housing schemes
- Self-help group members
- Low-income families in disaster-prone areas
Benefits of Hut Insurance
Benefits Cover
- Provides financial relief to rebuild after loss
- Encourages disaster preparedness in rural areas
- Reduces dependence on loans or government relief
- Simple process and low cost
- Helps protect household belongings
- Uplifts socio-economic resilience in rural regions
What is the Hut insurance scheme?
It covers loss or damage to huts due to. 1. Fire (including fire resulting from explosion and short-circuiting) 2. Lighting.
Documents Required
- Duly filled application form
- Address proof or village panchayat certificate
- Photograph of the hut
- Ownership or occupancy proof (ration card, electricity bill)
- Bank details of the applicant
Premium Calculation Factors
- Type of structure (kutcha/semi-pucca)
- Location and natural hazard risk
- Sum insured for structure and contents
- Age of the hut
- Add-on covers opted
- Group vs. individual insurance
- Government scheme eligibility (e.g., PMFBY-linked subsidy)
