Home Family Protector Policy
A comprehensive plan with numerous benefits
A comprehensive plan with numerous benefits
Your financial liability in its aftermath of any calamity would be minimized with this right Home Family Protector Policy.
What it covers?
Fire and Allied Perils. (Section 1)
Burglary and other Perils. (Section 2)
All Risk. (Section 3)
Fixed Glass and Sanitary Fittings. (Section 4)
Electronic Equipment. (Section 5)
Home Equipment including Mobile and PC. (Section 6)
Breakdown of Electrical/Mechanical Appliances. (Section 7)
Personal Accident. (Section 8)
Loan Payment Protection. (Section 9)
Baggage. (Section 10)
Liability. (Section 11 A/B/C)
Increased Living Expenses. (Section 12)
Damage as a consequence of war, invasion, the act of a foreign enemy, hostilities (whether war be declared or not) civil war, rebellion, revolution, insurrection, military or usurped power, confiscation, nationalization, civil commotion or loot or pillage in connection therewith.
Any Damage due to confiscation, commandeering, requisition, detention or destruction by order of any Government or lawfully constituted authority.
Any damage to property, consequential loss, legal liability or bodily injury, illness, a disease directly or indirectly caused by or contributed to by or arising from:
Ionizing 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 of any kind or description including any reduction of market value beyond the cost of repair or replacement. However, this exclusion will not apply to Section 12 (Increased Living Expenses).
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, suite 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.
We may cancel this Policy by sending 15 (fifteen) days notice in writing by recorded delivery to you at your last known address. You will then be entitled to a pro-rata refund of premium for the unexpired period of this policy from the date of cancellation, which We are liable to pay on demand.
You may cancel this policy by sending 15 days written notice to us. We will then allow a refund after retaining the premium based on the following short period table.
This Home Family Protector Policy from IFFCO Tokio is a comprehensive home protector insurance policy that provides you numerous benefits under a single insurance plan. As acknowledged by several home protect insurance reviews, this policy from IFFCO Tokio has been designed to offer you, your family members, your home and your belongings maximum protection from any crime, natural disaster or man-made disaster. When you have the protection provided by this home protect insurance from IFFCO Tokio, you can rest assured that in case any calamity strikes your home, your financial liability in its aftermath would be minimized.
We read about incidents such as theft and burglary, fire damage, flood damage or capitulation of a building quite often, yet brush it aside thinking that it cannot happen to us. This is a very unwise approach which would cost us very dearly if any such unfortunate incident was to befall us.
Home Protector Insurance has been on the market for many years, and though people are slowly starting to understand its importance, still a lot needs to be done. Whether you are the owner of your house, head of the family or a responsible family member, it becomes your duty to make sure that your family and your valuables stay safe from an unfortunate accident. You have seen many advertisements over internet, radio, newspaper or television from IRDA creating awareness about the importance of home insurance and its benefits, but still, you are undecided to whether go for one or not.
The biggest mistake that you make in such a situation is thinking that you do not need home protection insurance. When you are willing to spend a significant portion of your energies trying to build a better life for your family, then why expose them to the risk of unforeseen calamities?!
If you want to keep your family and your belongings protected from the repercussions of such incidents, then buying the Home Family Protector Policy from IFFCO Tokio makes for a very sensible option. It is perplexing to think that an individual is willing to put his/her life savings to buy a house, but would procrastinate to pay a small insurance premium to ensure its safety. You might think of it as an unnecessary expense. However, when you look at it pragmatically, it is a small price you pay to protect your home against unseen calamities; a comprehensive home protects insurance policy offers you complete protection against almost all-natural or man-made causes.
This home protector insurance policy comprises of 12 sections and provides comprehensive protection to you, your family members, domestic help, valuables, and other assets.
Following is the detailed section-wise coverage offered under this policy which has been rated highly in many home protect insurance reviews: -
Under this section, your house is covered along with your possessions against incidents such as fire, flood, earthquake, cyclone, explosion, riots, strikes, etc.
Following expenses are also covered under the home protect insurance policy, at no extra cost: -
Under this section, the property and belongings described under Section 1 are covered against incidents such as theft, robbery, housebreak, and dacoity. Under this section, impact damages are also covered, i.e.damages inflicted due to the impact caused by falling trees, aerial dishes, streetlights or caused by civic authorities during rescue operations.
Under this section, the loss incurred due to accidents, misplacement or misfortune. Losses incurred due to expensive items such as Gold, Silver, Precious Stones, Metals, watches, clocks, video cameras, photo cameras, musical instruments or sporting equipment including guns.
Under this section, reimbursement is provided for losses caused due to accidental breakage of glass and sanitary fittings. It includes losses caused due to any such breakage including the cost of frame, painting, and damage caused to other goods in your house.
Under this section, reimbursement is provided for damages caused by electronic equipment such as a computer, fax machines and other data storage peripherals that might have been installed at your home.
This section covers losses incurred anywhere around the world due to damage caused to television, PC, cell phones, laptops or other electronic gadgets.
Under this section, your pedal cycle is covered against damages caused inclusive of third party liability due to death, accident, injury or damage to property.
Under this section, loss caused due to the electronic or mechanical breakdown of electronic or mechanical appliances such as washing machine, air conditioner, and refrigerators till they are seven years old, is covered.
Under this section, you and your family members are covered against injuries, dismemberment, disablement, or death caused due to accidents. There are several benefits provided free along with this coverage for expenses such as: -
Under this section, the insured person is covered against payment of his/her monthly EMI liabilities on account of the purchase of a house, car or other household equipment. This coverage is available if the insured person has been disabled or is seriously injured or gravely sick, and offers reimbursement for up to a maximum duration of 12 months.
Under this section, coverage is provided against losses incurred due to theft or misplacement of baggage belonging to you or any of your family members while you were traveling anywhere in the world for holiday or business purpose.
Under this section of our home protector insurance, coverage is provided against liability towards the public on account of damage to property, grievous injury or death caused due to the accident. It also covers the liability on account of your employees for death or injury caused due to and during their employment under you as per the Workmen’s Compensation Act or other relevant legislation.
Under this section, your legal liability towards the landlord as a tenant is also covered, as per the terms and conditions of the tenancy agreement. Losses that are covered include damage to electronic equipment, installation or to the structure of the building as per provisions of Section 1 and Section 2 of the policy.
Under this section, you are covered under the cost incurred by you due to damages caused to your house as per Section 1 when your house has been rendered inhabitable. Following expenses are covered under this section of the home protect insurance policy: -
Following are a few key points that you must note regarding the importance of the sections mentioned above: -
“I am very happy to have Home Family Protector Policy from IFFCO Tokio. One of the best insurance product from IFFCO Tokio."
Rated by: Roshan Mahanama