Can Home Insurance Protect You During Earthquake? What You Need To Know After Myanmar Tragedy

Last Updated:March 28, 2025, 16:24 IST

Myanmar had a 7.7 magnitude earthquake on March 28, causing significant damage. Experts stressed the importance of comprehensive home and home loan insurance in disaster-prone areas.

Strong earthquake hit Myanmar today.

On Friday, March 28, Myanmar was struck by a powerful earthquake with a magnitude of 7.7, followed by an aftershock of 6.8, according to the United States Geological Survey (USGS).

The earthquake, which occurred at approximately 12:50 pm local time (0620 GMT), caused significant damage. Roads in the capital city of Naypyidaw buckled, and the tremors were felt in neighboring countries including India, China, and Thailand. The epicenter was located 16 kilometers northwest of Sagaing at a depth of 10 kilometers.

In the wake of such natural calamities, many citizens question whether their insurance policies cover such events.

Expert Insights On Home Insurance Policy

Vivek Chaturvedi, CMO and Head of Direct Sales at Go Digit General Insurance, spoke to News18, explaining that standard home insurance policies generally include coverage for natural disasters like earthquakes. He highlighted that policies such as the ‘Bharat Griha Raksha’ cover a range of natural events including earthquakes, landslides, floods, cyclones, and storms, as well as fire, explosions, aircraft damage, and acts of terrorism.

Chaturvedi emphasized the importance of comprehensive coverage, which usually applies to both the structure of the home and its contents.

Importance Of Home Loan Insurance

Atul Monga, CEO & Co-founder of BASIC Home Loan, noted the importance of home loan insurance, especially considering India’s vulnerability to natural disasters. He pointed out that areas in Northern and Western India are particularly prone to earthquakes, posing a significant risk of property damage.

Due Diligence Before Purchase

Chaturvedi advised potential buyers to carefully review the terms and conditions of home insurance plans. He stressed the importance of understanding the coverages, inclusions, and exclusions before making a decision, as a home is one of the most valuable assets one can own.