Your Home or its contents is constantly exposed to various kinds of risks. Some unfortunate occurrences might bring a huge financial burden to you. Although you cannot guard your business from all possible risks, you can take steps to help tide over some unexpected events.
A Complete Protector
Our Home Suvidha Insurance Policy gives complete protection to your family against a wide range of risks and perils. It is a simple Policy wherein there are various categories of Sum Insured and you may opt for the category most suitable to you depending upon the extent of risk.
Coverage Under Home Suvidha
Fire and Allied Perils (Contents) : Contents of your premises are covered against fire, explosion bursting/overflowing of watertanks, riots, strike and malicious damage, earthquake, flood, cyclone, landslide etc.
Burglary: It is a theft committed by breaking into or out of the premises. Evidence of breaking in, is necessary. and other Perils (Contents) : Contents of your premises are covered against housebreaking, burglary, robbery and dacoity along with impact damage by falling trees/electric poles/lamp post, breakage or collapse of television or radio aerials/satellite dishes and damages by civic aurhorities in prevention of fire.
Television / Video Equipment : Damage to Television sets and accessories, Cable/satellite/digital television receiver, Video equipment and their aerial fittings and masts belonging to You or Your Family or for which You or in Your Family is responsible whilst contained in Your Home from any cause other than those excluded. The insured equipments covered under this Section will not be more than 7 (seven) years old as on the date of Damage.
Personal Accident : This Section covers you and other named persons connected with your business against accidental bodily injury leading to death or disablement (either permanent total or permanent partial)
Fire and Allied Perils (Building) : Covers damage to building portion of Your Home, which should not be of kutcha construction including its outbuildings, boundary walls, gates and fences, inbuilt fixtures and fittings, swimming pools, hard courts, garages, terraces, plinth and foundations.
Personal Computer : If the Personal Computer installation including accessories belonging to You or Your Family or for which You or Your Family is/are responsible is Damaged whilst contained in Your Home by any cause other than those excluded, We will pay for the cost of repair or replacement or at Our option repair, reinstate or replace such Damaged equipment or items.This cover is applicable during the period when after successful completion of their performance/acceptance test, such computers or accessories are at work or at rest or being dismantled for the purpose of cleaning, overhauling or in course of aforesaid operation themselves or when being shifted within Your Home or during subsequent re-erection.The insured equipments covered under this Section will not be more than 5 (five) years old as on the date of Damage.
What Is Not Covered by the whole Policy
War Risk : Damage as a consequence of war, invasion, act of foreign enemy, hostilities (whether war be declared or not) civil war, rebellion, revolution, insurrection, military or usurped power, confiscation, nationalisation, civil commotion or loot or pillage in connection therewith.
Confiscation : Any Damage due to confiscation, commandeering, requisition, detention or destruction by order of any Government or lawfully constituted authority.
Nuclear Risk : Any Damage to property, consequential loss, legal liability or bodily injury, illness, disease directly or indirectly caused by or contributed to by or arising from –
- ionising radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel.
- the radioactive, toxic, explosive or hazardous properties of any nuclear assembly or nuclear component.
Wear and Tear : Damage caused by wear and tear, depreciation and/or gradual deterioration.
Consequential Loss : Consequential loss of any kind or description including any reduction of market value beyond the cost of repair or replacement.
Existing Damage : Any damage, injury, accident, disease or illness occurring before cover commences under the Policy.
Matching of Items : The cost of repair or replacement of any undamaged or unbroken items or part of item forming part of a set, suits or other article of uniform nature, colour or design (including area of carpet) when damage or breakage occurs within a clearly identifiable area or to a specific part and replacement cannot be matched.
Terrorism Damage : Any Damage as a consequence of an act of Terrorism or act by Terrorist as well as action taken to control/ prevent/ suppress Terrorism or act by Terrorists. For the purpose of this Exclusion, an act of Terrorism means an act, including but not limited to the use of force or violence and / or the threat thereof, of any person or group(s) of persons whether acting alone or on behalf of or in connection with any organization(s) or government(s), committed for political, religious, ideological or similar purpose including the intention to influence any government and/ or put the public, or any section of the public in fear. The Policy also excludes loss, damage, cost or expenses of whatsoever nature directly or indirectly caused by, resulting from or in connection with any action taken in controlling, preventing, suppressing or in any way relating to action taken in respect of any act of Terrorism.
In respect of Personal Computer 5% (five per cent) of the claim amount subject to a minimum of Rs.2,500/- ( Rupees two thousand five hundred)
Damage due to faults/defects existing at the commencement of this insurance and known to You or Your Family, whether such faults/defects were known to Us or not and any willful act or negligence of You or Your Family.
Damage due to continuous influence of operation (e.g. wear and tear, cavitation, erosion, corrosion, incrustation) gradual deterioration and climatic condition other than those described and covered as insured perils in Section 1 (Fire and Allied Perils-Contents)
Any cost incurred in connection with elimination of functional failures unless such failures were caused by Damage covered under this Section of the Policy.
Damage for which the manufacturer or supplier is responsible either by law or under contract or any amount recoverable under the terms of Maintenance Agreement.
Damage to rented or hired equipments for which owner is responsible either by law or under lease and/or Maintenance Agreement.
Cost incurred/time involved in the movement of equipment and/or other property and/or personnel outside Geographical Limits, other than cost of delivery for equipment parts Damaged.
Damage to consumable items (e.g. bulbs, valves, tubes, ribbons, fuses, seals, belts, wires, chains, exchangeable tools, objects made of glass, porcelain or ceramics and operating media as well as aesthetic defects like scratches etc. unless such parts are affected by an indemnifiable Damage to the insured item itself).
Damage arising through fitting, adjustment, repair or dismantling of any part of said equipment/installation other than by an authorised representative of an Electronic Equipment manufacturer, dealer or that of a reputed repairer.
Any cost required for alteration, improvement or overhaul or for making drawings, patterns and core boxes.