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This
is a package policy of various sections which covers household /
domestic property including items of property therein for which an
householder is accountable and / or legally liable.
Section I
covers
the house and contents in house against Fire & Allied Perils. Coverage
for contents under this Section is compulsory.
Section II
covers
contents in house against burglary, housebreaking, theft and larceny.
Damage to house and/or safe due to burglary and/or housebreaking or
any attempt thereat is also covered subject to a maximum of 5% of the
sum insured.
Section III
covers jewellery and valuables against loss or damage due to accident
or misfortune whilst anywhere in
India.
Section IV
covers all domestic, electrical and mechanical appliances (other than
Air-conditioners which can be covered at extra premium subject to
special terms) in the house against mechanical and/ or electrical
breakdown. The sum insured will be equal to the current new
replacement cost.y.
Section V
provides all risks cover for personal computers (including accessories
and printer) in the house. The sum insured shall be equal to the cost
of replacement by a new item of the same kind and capacity.
Section VI
provides
all risks cover for TV/VCR/VCP/ VCD/DVD player in the house. The sum
insured shall be equal to the cost of replacement by a new item of the
same kind and capacity.
Section VII
covers loss or damage to fixed plate glass, frames or framework
(including lettering consequent upon breakage of glass) due to
accidental breakage. The sum insured should be equal to the current
new replacement value.
Section VIII
covers loss of personal baggage of the householder and that of his/her
family members due to accident during any journey undertaken in India
outside the city.
Section IX
covers loss of or damage to pedal cycles due to fire & allied perils,
burglary, housebreaking, theft and earthquake.
Section X
provides
for compensation towards accidental injury/death covering the
householder and family members (aged between 5 to 70 years).
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This section also provides for reimbursement of
expenses for transportation of dead body to the residence (subject
to a maximum of Rs 2,500/-) and payment of compensation of Rs 5000/-
each towards educational expenses for a maximum of two dependent
children up to the age of 23 years. This section also covers
medicalexpensesupto40%ofthecompensation payable in settlement of a
valid claim under the section or 20% of the sum insured, whichever
is less.
Section XI A
covers
legal liability to domestic servants under Fatal Accidents Act, 1855/
Workmen’s Compensation Act, 1923.
Section XI B
covers legal liability to pay compensation to third parties in
accordance with Indian Law.
All the standard exclusions of the respective policies shall be
applicable for the respective sections. |
