Home is where the heart is, as rightly said.. A home is the place of innumerable memories; no money is better spent than what is invested on your home. Thus safeguarding your home from unforeseen events becomes a priority and the best way can be securing with home insurance.
How do I select the sum insured?
For building,the sum insured must cover the full cost of rebuilding the property including architect fee etc and the cost of clearing away the debris and cost of obtaining sanctions for any new building regulations or by-laws.
For contents,the sum insured should be the replacement value except for Section III (All Risks) where it should be market value but for Jewellery it will be market value less 10% (making charges) or purchase cost.
For the remaining sections the sum insured is as opted by the proposer.
An adequate and a comprehensive home insurance policy must be on top of your priority list. It is just not enough to have an insurance cover for your home but what matters is the right home insurance that covers all possible liabilities.
- Can be bought online
- Available as over the counter (OTC) kit
- Instant activation through SMS/ Call centre
- Convenience to choose from 3 customized plans
- Affordable package premium
- Combination of requisite covers (sections)
- Waiver of under insurance
- Easy claim settlement process