Householder Policy

A home is a treasure trove of countless memories, and there’s no better investment than protecting it. Safeguarding your home against unexpected events becomes a priority, and the best way to do this is through a Householder Policy. This is a specially designed package policy that combines multiple risk coverages under one comprehensive policy to cater to the insurance needs of homeowners.

The Householder Policy protects homeowners from damages and losses affecting their property and belongings. It is a package policy that provides coverage for various risks, including fire, earthquakes, storms, theft, and even breakdowns of electrical and electronic appliances.

Key Benefits

  • Protection against earthquakes, floods, and other natural calamities.
  • Coverage for terrorism-related damages.
  • Protection against fire and allied perils.
  • Cover for cyclones, storms, hurricanes, and similar events.
  • All-risk cover for jewelry.
  • Reimbursement for additional rent for alternate accommodation.

Coverages

Fire & Allied Perils

  • Coverage for building structure.
  • Protection for contents belonging to the policyholder and their family members residing in the household.
  • Covers losses due to:
    • Fire, lightning, and explosions from domestic gas appliances.
    • Bursting and overflowing of water tanks or pipes.
    • Damage caused by aircraft.
    • Riots, strikes, malicious acts, or terrorist activities.
    • Earthquakes, landslides, or subsidence.
    • Floods, storms, cyclones, hurricanes, and similar events.
    • Impact damage.

Burglary, Theft & Housebreaking

  • Covers losses caused by burglary, theft, or break-ins.

All-Risk Jewelry & Valuables

  • Comprehensive coverage for jewelry and other valuables.

Plate Glass

  • Covers damages to plate glass installations.

Breakdown of Domestic Appliances

  • Protection against breakdowns of appliances such as refrigerators, washing machines, etc.

TV Set (All Risks)

  • Covers damage or breakdowns of TV sets.

Pedal Cycles

  • Covers loss or damage to pedal cycles due to:
    • Fire and allied perils.
    • Burglary or theft.
    • Accidental external damage.
    • Third-party personal injury or property damage caused by the cycle.

Accompanied Baggage Insurance

  • Covers loss or damage to personal baggage while traveling.

Personal Accident

  • Provides compensation in case of accidental injuries to the insured.

Public Liability

  • Covers liabilities arising from third-party injuries or property damage due to the insured’s negligence.

Exclusions

  • Damage caused by war, rebellion, or similar conflicts.
  • Loss or damage due to confiscation or destruction by government orders.
  • Damage resulting from radioactive contamination or ionizing radiation.
  • Depreciation, wear and tear, or gradual deterioration.
  • Damage due to any kind of pollution.

Claim Process

  1. Notify the Insurer
    • Immediately inform the insurer about the occurrence of loss and provide an estimate of the damage.
  2. Minimize Damage
    • Take steps to reduce and control the extent of damage or liability.
  3. Cooperate with the Surveyor
    • Provide full cooperation to the insurer and the appointed surveyor for accurate loss assessment.
  4. Provide Required Documents
    • Submit documents like the claim form, claim bills, and a copy of the policy.
  5. Preserve Damaged Property
    • Keep the damaged items in safe custody until advised on their disposal by the surveyor/insurer.
  6. Identify Insured Property
    • Ensure that the insured items are clearly identifiable to process the claim smoothly.