Exclusions
1. Loss, destruction or damage caused by war, invasion, act of foreign enemy hostilities or war like operations (whether war be declared or not), civil war, mutiny, civil commotion assuming the proportions of or amounting to a popular rising, military rising, rebellion, revolution, insurrection or military or usurped power.
2. Loss, destruction or damage directly or indirectly caused to the property insured by: a. Ionizing radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. b. The radioactive, toxic, explosive, or any other hazardous properties of any explosive nuclear assembly or nuclear component thereof.
3. Loss, destruction or damage to bullion or unset precious stones, any curios or works of art for an amount exceeding Rs.10, 000, manuscripts, plans, drawings, securities, obligations or documents of any kind, stamps, coins or paper money, cheques, books of accounts or other business books, computer systems, records, explosives unless otherwise expressly stated in the policy.
4. Loss, destruction or damage to any electrical machine, apparatus, fixture, or fitting arising from or occasioned by overrunning, excessive pressure, short circuiting, arcing, self heating, self heating or leakage of electricity from whatever cause (lightning included) provided that this exclusion shall apply only to the particular electrical machine, apparatus, fixture, or fitting so affected and not to other machines, apparatus, fixtures, or fittings which may be destroyed or damaged by fire so set up.
5. Expenses necessarily incurred on
a. Architects, Surveyors and Consulting Engineer's fees and;
b. Debris removal by the insured following a loss, destruction or damage to the property insured by an insured peril in excess of 3 percent and 1 percent of the claim amount respectively
6. Loss by theft during or after the occurrence of any insured peril except as provided under Riot, Strike and Malicious Damage cover.
7. Any loss or Damage occasioned by or through or in consequence directly or indirectly due to earthquake, volcanic eruption, or other convulsions of nature. 8. Loss or Damage to property insured if removed to any building or place other than in which it is herein stated to be insured, except machinery and equipment temporarily removed for repairs, cleaning, renovation or other similar purposes for a period not exceeding 60 days.
Supreme Cover
This is flexible home insurance product, which can be customized for individual requirements. You can customize your package by picking and choosing from a basket of coverages to design a product that you feel suits your needs.
Pre-packaged Cover
These are the six pre-packaged covers we have, to satisfy varying home insurance needs.
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