Home Insurance - A home insurance policy protects you from financial ruin if your home is damaged or destroyed by calamities like floods and earthquakes. The insurance company reimburses an amount as laid down by the terms and conditions of the policy. Depending on the kind of policy you buy, your possessions in the house like electrical appliances can also be covered.
You can use this policy to insure your house (if it is your own), its contents, jewellery and valuables, plate glass, domestic appliances, consumer durables, pedal cycles and baggage while on travel, among other things. These items can be covered against fire, theft, burglary, natural disasters or breakdown. Additionally, you can also insure against accidental injury causing death or disability, liability to third party and domestic servants. You have the option to insure them entirely or separately.
Damage or destruction caused by aircraft or other aerial devices
Impact damage caused by any rail/road vehicle
Riot/Strike/Malicious Terrorism Damage: Direct visible physical loss, destruction or damage by external violent means will be covered
Plate glass is covered against accidental damage on account of breakage. This cover is for a sum up to Rs. 10,000.
Burglary - Covers against loss or damage of household property and contents due to burglary, even if your house is unoccupied for up to 60 days.
Cash in transit: If you loose money due to robbery on your way home from the Bank or ATM, you will be covered for a sum up to Rs. 5000 under this policy
Home insurance cover for Buildings :
Fire set of perils : Cover is the same as for home contents
Resettlement expenses : If you have to move to an alternative accommodation due to your home being rendered uninhabitable due to fire set of perils, this policy will cover the cost of packing and transportation of household goods to the alternative residence, for up to Rs. 2,500. The additional rent payable for a maximum period of 1 month will be covered for a sum up to Rs. 25,000.
Liability Cover :
You will be protected against litigation expenses and damages of up to Rs. 500,000 that may arise due to:
Accidental death or injury to people or accidental damage to property of any person while in your home (other than your family and domestic staff).
Claims payable to domestic staff under the Workman's Compensation Act.
The cover for the building is at replacement value i.e. cost incurred in rebuilding the property (Cost of land not included), while the cover for home contents is at market value .
Home Insurance from Royal Sundaram
Homeshield Classic is a comprehensive package of insurance benefits designed to cover the buildings and contents of your home against all possible kinds of perils such as fire, earthquake, terrorism, storm, flood, cyclone, burglary and breakdown of appliances. Your building cover can be arranged in conjunction with your contents cover or on its own.
Homeshield Classic - Coverage
When it comes to contents of your home, Royal Sundaram-s Homeshield Classic will give you complete peace of mind by covering the contents against a range of risks. We also cover building insurance.
Three levels of cover to choose from to suit your lifestyle.
You have the option of insuring your building against fire and allied perils.
You have an option of payment through credit card with automatic renewal facility
Assured Claims service: Claims will be settled within 10 days of receipt of documents.
We provide you 15 days to review your policy document. If you are not completely satisfied, simply return your policy for cancellation and Royal Sundaram will refund the entire premium paid provided no claim has been made.