Home Insurance

Home Insurance

Home is an environment offering affection and security. To ensure complete security & protection against accidental damages Householder policy provides cover both to building and its contents.

Householder Insurance Policy offers comprehensive protection for your home (residential building) and its contents against a variety of risks. This is a composite policy spilt into ten sections covering number of contingencies.

Sections

Type of Insurance

What is covered

I

Fire (Replacement Value)

Loss to the residential building, household goods & personal effects – as per Fire Policy + Earthquake Risk.

II -A & II-B

House- Breaking

A. Housebreaking including Larceny and Theft
B. Housebreaking excluding Larceny and Theft

 

III

All Risks

Loss or damage to Jewellery, Valuables etc. due to accident or misfortune

IV

Plate Glass

Accidental breakage of fixed plate glass

V

DomesticAppliances Including TV Set

Damage to electrical appliances (refrigerator, mixer etc.) due to electrical or mechanical breakdown

VI

Personal Computer & Lap Top

 

All risks subject to specified exclusions.

VII

Pedal Cycle

Loss by Fire & allied perils Housebreaking / Theft, Accidental external means

VIII

Baggage

 

Loss to accompanied baggage by accident or misfortune

IX

Personal Accident

Death or bodily injury by accidental, external violent, visible means including Medical Expenses resulting from accident & weekly compensation during hospitalization in Hospital only.

X-A

Public Liability

Legal liability of the Insured to the public for bodily injury or accidental death – Rs.25, 000/-

 

X-B

WC

As per WC Act

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    Home Insurance

    Home insurance is a policy that provides financial protection for your home and personal belongings in case of damage or theft. It typically covers events like fire, storms, theft, and vandalism. Home insurance policies usually come in two parts:

    1. Property Protection: Covers damages to the physical structure of the home, such as walls, roof, and floors, as well as other structures like garages and sheds.
    2. Liability Protection: Covers legal costs if someone is injured on your property or if you accidentally cause damage to someone else’s property.

    Policies vary in terms of coverage and cost, depending on the location, property value, and the amount of coverage required. Many homeowners are required to have insurance if they have a mortgage, as it protects the lender’s financial interest in the property.


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