Coverage against natural calamities like fire, explosion, earthquake, flood, etc.
Home Suvidha policy allows you to ensure the safety of your home and your belongings.
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BUY/RENEW POLICYHome Insurance Policy from IFFCO-Tokio allows you to insure the safety of your home and your belongings. Here are some key points that should convince you to insure your home:
Coverage against natural calamities like fire, explosion, earthquake, flood, etc.
Coverage against manmade calamities like robbery, dacoity, riots, strike, etc.
Television and video equipment are covered under the policy.
Coverage is provided for you and other named people related to your premise against accident-related injury.
Coverage is provided for your Personal Computer.
Covers damage to the building of your home including garages, terraces, foundation, swimming pool, etc.
Major Exclusions
War risk.
Confiscation.
Nuclear risk.
Ionizing radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste, from the combustion of nuclear fuel.
Wear and tear.
Consequential loss.
Existing damage.
Matching of items.
Terrorism damage.
All costs suffered in relation to the elimination of functional failures, other than those caused by damages insured under this section of the policy shall not be paid for.
Those damages that are a responsibility of the manufacturer or supplier, legally or under contract or an amount that can be claimed under the terms of “maintenance agreement” shall also not be covered under this home insurance policy.
Damage to hired or rented objects, which are the responsibility of the owner, either by law or under a maintenance agreement or lease, is not covered.
Cost/time spent on moving equipment and/or property and/or personnel beyond geographical limits, apart from the cost of delivery of damaged parts of equipment shall not be covered.
Any damage caused to consumable items shall not be paid for by the Insurance Company.
Damages resulting from adjustment, fitting, dismantling or repair of any part of concerned object/installation, besides those by an authorized representative of an electronic equipment manufacturer, reputed repairer or dealer shall not be protected by this policy.
Expenses related to improvement, change, overhaul or creation of drawings, patterns or core boxes shall not be covered under the Home Insurance Suvidha Policy.
Cancellation
IFFCO-Tokio 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. We will then allow a refund after retaining the premium based on the given rates.
A home insurance policy, like Home Insurance Policy insures your house and its belongings against a number of risks, including –
Natural calamities such as earthquake, explosion, flood, etc.
Manmade calamities such as robbery, riots, dacoity, strike and so on.
Television and video equipment.
Coverage for you and other named people related to your premise under Personal Accidental Injury.
Damage to the building of your home including garages, terraces, foundation, swimming pool, etc.
No. Home Insurance Policy does not cover rented objects.
Yes, furniture items (Sofa Set, Dining Table, Dressing Table, Showcase, Decorative Pieces, Beds, Almirahs and other such items) are covered under this home insurance policy unless they are damaged due to causes listed under policy exclusions.
Yes, this home insurance does cover your house and its contents against damages from natural calamities.
No, such damages are not covered by this insurance plan.
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