Householder´s Package Insurance Policy
This is a package policy of various sections which covers household / domestic property including items of property therein for which an householder is accountable and / or legally liable.
Scope of cover: Section I
It covers the house and contents in house against Fire & Allied Perils. Coverage for contents under this Section is compulsory.
Section II
It covers contents in house against burglary, housebreaking, theft and larceny. Damage to house and/or safe due to burglary and/or housebreaking or any attempt thereat is also covered subject to a maximum of 5% of the sum insured.
Section III
It covers jewellery and valuables against loss or damage due to accident or misfortune whilst anywhere in India.
Section IV
It covers all domestic, electrical and mechanical appliances (other than Air-conditioners which can be covered at extra premium subject to special terms) in the house against mechanical and/ or electrical breakdown. The sum insured will be equal to the current new replacement costly.
Section V
It provides all risks cover for personal computers (including accessories and printer) in the house. The sum insured shall be equal to the cost of replacement by a new item of the same kind and capacity.
Section VI
It provides all risks cover for TV/VCR/VCP/ VCD/DVD player in the house. The sum insured shall be equal to the cost of replacement by a new item of the same kind and capacity.
Section VII
It covers loss or damage to fixed plate glass, frames or framework (including lettering consequent upon breakage of glass) due to accidental breakage. The sum insured should be equal to the current new replacement value.
