What You Should Know Before Choosing a Householder Insurance Policy
Before buying a householder insurance policy, it’s important to understand what is covered, who can be insured, and the key benefits and exclusions. This guide gives a clear overview to help you make an informed choice.
What It Covers
- Building and contents against fire, natural disasters, riots, and water overflow
- Jewellery and valuables from accidental damage
- Appliances (TV, audio systems, PC) from breakdown or theft
- Baggage during travel
- Personal accidents causing death or disability
- Third-party liability for injury or property damage
Who Can Take It
- Any householder exposed to these risks
- Minimum 4 sections must be selected
- Personal accident cover available for spouse and children (Age 12–70)
Coverage Options
- Choose from 10 sections (minimum 4 required)
- Contents cover is compulsory
How Claims Are Paid
- Based on actual loss or damage
- Sum insured is the maximum limit
- Third-party limits apply for injury and property damage
Personal Accident Benefits
- Full amount for death or total disability
- 50% payout for loss of one limb/eye
- Partial payouts for other disabilities
- Weekly support (up to Rs.3000) for temporary disability
What Is Not Covered
- War and similar risks
- Wear and tear or indirect losses
- Negligence or intentional damage
- Policy violations
- Claims involving family members or employees
- Injury under drugs or alcohol influence
Disclaimer
This is a general overview for understanding purposes. Always review the full policy terms and conditions carefully before making any decision.
