Home Insurance Plan is a comprehensive package of insurance benefits designed to cover your Building and Household articles like Contents, Appliances, Jewellery, Mobile equipment’s etc. Losing something valuable is always followed by a bout of sadness and despair. After the initial stage of shock wears off, you may have to do some strong willed stock taking of the loss incurred. Protect it with Home Insurance Policy, you’re assured of total peace of mind in terms of the financial impact of such losses. You might wonder as to the basis on which the extent of coverage is determined. After all, you’d expect good returns on the home insurance premium that you pay.
Many plans under Home Insurance are available. Some of them are as follows:
- Indemnity Basis Plans: This implies that damage or loss to the insured property or item is compensated after a deduction for wear and tear.
- Reinstatement Value Basis Plans: Here you get an identical replacement for the damaged article. Note, however, that the value and specifications of the replacement will essentially be equal to the one damaged, not any higher.
- New for Old Basis Plans: The replacement cost is paid in full for items damaged beyond repair.
- Agreed Value Basis Plans: Agreed value basis means the loss will be settled by us on the value of the property or content agreed by the insured at the time of purchasing the insurance policy.
Reasons to buy Home Insurance
Short Stay? Long Benefits
Worried your home insurance will go waste? Our insurance plans provide the flexibility to choose an insurance tenure depending on your requirements. It starts from 1 year and goes up to 5 years.
Enjoy up to 30% Discounts
This one is for those who search for value in everything! With home insurance, you get numerous discounts-security discount, salaried discount, intercom discount, long-term discount, etc.
Contents covered up to Rs. 25 lakhs
Things you own aren’t just material property. They carry memories and irreplaceable sentimental value. Home Insurance gives you the option to cover all your possessions ( unto Rs. 25 lakhs) without sharing any specified list of home belongings.
Portable Electronics Covered
Ever wondered what life would like without your electronic gadgets? We wouldn’t want you to go down that lane. Whether it is your laptop with decades of memories and valuable information or any other electronic equipment, insure them with Home Insurance. Stay worry-free.
What are the Benefits of Home Insurance?
Just as fire can't crumble your spirit, we will ensure that it doesn't damage your belongings.
Without our machines, we find it hard to function. So, we assure you that we'll cover for the damage caused due to electrical/mechanical breakdown of the electronics and home appliances you've declared.
Burglary & Theft
A burglary can threaten to turn your life upside down. We cover loss due to theft and burglary.
Protect your belongings from damages caused due to strike, riot, and malicious acts.
Accidentally damaged your expensive glass fittings? Don't worry - we've got you covered for accidental damages to fixtures and sanitary fittings.
Did you know that 68% of India's land is prone to drought, 60% to earthquakes, 12% to floods, and 8% to cyclones? Sometimes we wish we could fight the force of nature. Until we get there, we promise to safeguard your home against nature's outbursts with protection against damages caused due to earthquake, flood, storm, or hurricane.
What is not covered under your Home insurance policy: Exclusions
Loss and/ or damages arising out of situations such as war, invasion, act of foreign enemy, hostile. are not covered.
Loss of bullions, stamps, work of art, coins etc. will not be covered.
We understand that all your precious possessions hold emotional value but anything that's over 10 years old will not be covered.
Consequential losses are losses that are not the natural result of the breach in the usual course of things, such losses remains uncovered.
We ensure that your unforeseen losses are covered, however if there's any case of willfully done damage to your property, that remains completely out of the coverage scope of policy.
Third party construction loss
Any damage caused to your property due to third party construction is not covered.
- Portable Electronic Equipment Cover
- Jewelry & Valuables
- Pedal Cycle
- Terrorism Cover