|
 |
 |
 |
ICICI Lombard Home Insurance
|
|
 |
|
Policy Exclusions
Willful destruction of property
Loss, damage and destruction caused by war, wear and tear, atmospheric conditions etc.
Losses if your home has been unoccupied for more than 30 days.
Cash, bullion, painting, works of art and antiques.
Loss to the structure and / or contents of your home due to acts of terrorism.
Key Benefits
Comprehensive cover - Covers both structure and contents of your home.
Avail 15% discount on a 3 years home insurance policy and 25% discount on 5 years policy.
Optional covers available - Terrorism and Additional expenses of rent for alternative accommodation.
Need for Policy
FICCI surveys show that realty rates may escalate 10%-15% in next 6 months of 2007
According to official statistics, the Maharashtra floods on July 26, 2005, has led to damages to over 1,87,000 houses all over the State, affecting eight lakh families
Protect your single largest investment against losses due to natural or man-made calamities like fire, floods, burglary, and earthquake
Cover your household contents including furniture, durables, clothes, utensils, and jewelry, at market value to accommodate inflation
Sum Insured
How to calculate the sum insured for:
Home Structure:
The home insurance policy insures the structure of your home for its reconstruction value (and not for market value). Reconstruction value is defined as the cost incurred to reconstruct the home if it is damaged. On the other hand market value is a combination of cost of land, demand & supply scenario, etc.
Sum insured is calculated by multiplying the built up area of your home with the construction rate per sq. feet, e.g. if your built up area of your home is 1000 sq. feet and the construction rate is Rs. 800 per sq. feet, the sum insured for your home structure is Rs. 8,00,000.
We recommend the rate of construction for your location when you are buying online. However, this value can be revised appropriately if expensive material - like marble flooring, etc. - has been used in construction. If your home has lawn / garden surrounded by a perimeter wall, the construction rate can be revised to include the cost of construction of this wall in home structure sum insured.
|
| |
|
|
 |
 Top Providers |
 |
ICICI Prudential Life |
|
SBI Life Insurance |
|
Life Insurance Corp. |
|
Bajaj Allianz Insurance |
|
United India Insurance |
|
|
| |
|
|
| >
