UNDERSTAND YOUR HOME INSURANCE POLICY COVERAGE
UNDERSTAND YOUR HOME INSURANCE POLICY COVERAGE
Your policy covers:
- Home insurance policy gives protection for only the building (structure) of your home, or only the content (belongings) of your home, or both as per the coverage opted. The policy covers losses to the structure and/or content of your home, that might occur due to a number of natural and/or man-made calamities.
- The policy covers losses to the structure and content of your home, that might occur due to a number of natural and/or man-made calamities.
The calamities covered are
- Fire
- Lightning
- Impact damage
- Aircraft damage
- Explosion / implosion
- Storm, cyclone, typhoon, tempest, hurricane, tornado, flood and inundation
- Riots, strike, malicious and terrorism damage
- Subsidence and landslide including rockslide
- Bursting and/or overflowing of water tanks, apparatus and pipes
- Missile testing operations
- Leakage from automatic sprinkler installations
- Bush fire
- Earthquake
- The content of your home is also covered against loss due to burglary or an attempted burglary / housebreaking including theft. It also covers loss of jewellery, silver articles and precious stones kept under lock and key, up to 25% of the total content sum insured or `1 lakh, whichever is lower.
- In addition to the basic policy coverage, you can opt for useful add-on covers that add to your protection
Additional expenses of rent for alternative accommodation:
- If you are forced to shift into an alternative accommodation because your home is destroyed or damaged by any insured peril, the policy will cover your additional rent expenses.
- The maximum coverage is upto ` 1 lakh, for upto 6 months. This cover is available only if you are insuring the structure of your home.
Refer to the Policy Wordings document to understand exactly what all your policy covers, so you can benefit from it better.
- Home insurance policy gives protection for only the building (structure) of your home, or only the content (belongings) of your home, or both as per the coverage opted. The policy covers losses to the structure and/or content of your home, that might occur due to a number of natural and/or man-made calamities.
- The policy covers losses to the structure and content of your home, that might occur due to a number of natural and/or man-made calamities.
The calamities covered are
- Fire
- Lightning
- Impact damage
- Aircraft damage
- Explosion / implosion
- Storm, cyclone, typhoon, tempest, hurricane, tornado, flood and inundation
- Riots, strike, malicious and terrorism damage
- Subsidence and landslide including rockslide
- Bursting and/or overflowing of water tanks, apparatus and pipes
- Missile testing operations
- Leakage from automatic sprinkler installations
- Bush fire
- Earthquake
- The content of your home is also covered against loss due to burglary or an attempted burglary / housebreaking including theft. It also covers loss of jewellery, silver articles and precious stones kept under lock and key, up to 25% of the total content sum insured or `1 lakh, whichever is lower.
- In addition to the basic policy coverage, you can opt for useful add-on covers that add to your protection
- If you are forced to shift into an alternative accommodation because your home is destroyed or damaged by any insured peril, the policy will cover your additional rent expenses.
- The maximum coverage is upto ` 1 lakh, for upto 6 months. This cover is available only if you are insuring the structure of your home.
Additional expenses of rent for alternative accommodation:
Refer to the Policy Wordings document to understand exactly what all your policy covers, so you can benefit from it better.
Your policy does not cover:
- Willful destruction of property
- Loss, damage and destruction caused by war, wear and tear etc.
It’s always a good idea to be aware of what is excluded from your policy; so make sure you read the Policy Wordings
- Willful destruction of property
- Loss, damage and destruction caused by war, wear and tear etc.
It’s always a good idea to be aware of what is excluded from your policy; so make sure you read the Policy Wordings
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