Home insurance consists of two sections. Section I: covers the house itself (structure). Section II: covers the contents of your house. This includes electronics, furnitures & fixtures, fixed plate glasses, baggage, etc.Risk: fire and other accident (perils) at home!
Probable loss: damage to home structure as well as its contents.
Why home/property insurance?
You can be free of anxieties as the cover offers protection against theft, fire, earthquake, lighting, storm, vandalism and other threats. Be it the house you live in or a far-away vacation house, you can sleep in peace with this cover.
What does it cover?Home insurance consists of two sections.
Section I covers the house itself (structure).
The structure, compound wall, wiring and sanitation are covered in case of any damage to them. Cover for your house is arrived at by multiplying the square feet and the prevalent rate of cost of construction as per sq ft.
Section II covers the contents of your house.
This includes electronics, furniture & fixtures, fixed plate glasses, baggage, etc.
Home insurance provides covers against perils like fire & lightening, explosion of gas & domestic appliances, riot & strike, malicious damage, flood & cyclone, impact/aircraft damage, subsidence of land/rock slides, bursting or overflowing of water tanks, apparatus or pipes, earthquake, terrorist activities, burglary & housebreaking, larceny or theft, all risks for jewellery & valuables against loss or damage by accident or mis-fortune anywhere in India.
There are Home insurance Polices, where you can pay the Premium at once (Single premium) and Insure your home for a long term (5yr,10yr).
Exclusions» War, public/civil war.
» Depreciation /wear & tear
» Consequential losses
To get a Home Insurance quote contact us.