Category: Property/House Insurance

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

Under this insurance the company will indemnify the insured against loss of or damage to the purely residential building or apartment and the household contents therein by any of the following perils without an extra premium. Its main objective is to protect the fixed assets of an individual against unexpected losses. It is a type of policy that covers the losses and damages to an individual’s house and assets in the home up to the sum insured of 2 crores.

Coverages:
Fire, lighting, Earthquake, Storm, Typhoon, Snow, Hailstorm, Flood, Landslide, Inundation, Subsidence, Impact damage, Aerial damage, Explosion/Implosion Damage, Self-combustion, and Missile Testing Operation damage along with Riot, Strike, Malicious Damage, Sabotage Terrorism and other as per policy.

Other Additional Benefits:

• Architect, engineer, or surveyor fee, Displacement of debris, Accidental Insurance,

• Theft, Burglary, Robbery