Property insurance covers all kinds of movable and immovable property having pecuniary value. It includes buildings, factories, hydropower projects, plants and equipment, machinery, furniture, fixtures and fittings, household, articles, stocks, and merchandise. Property insurance ensures the safety of assets and protects the insured from losses caused by events beyond their control.
Coverages: Fire, Lightning, Earthquake, Storm, Typhoon, Hurricane, Water Damage, Snow, Frost, Rainfall, Hailstorm, Flood, Inundation, Landslide, Subsidence, Rockslide, Impact Damage, Aerial Damage, Explosion/Implosion Damage, Self-Combustion, Missile Testing Operation Damage, RSD/MD/ST Risk etc. as per the standard policy.
Additional Benefits of the policy:
Architect, Engineer and Surveyor’s Fee – Maximum of 3% of loss assessed amount with the Sum Insured limit.
Debris Removal up to 10 Lakh or 10% of claim amount whichever is lower within the Sum insured
*Procedure and Process to buy insurance policy further details are provide in Citizen Charter and Downloads pages