What is House Hold Insurance?
Whether we own or rent, our homes and our possessions are precious. Choosing to insure them, and making sure you have the right insurance products for your circumstances, offers peace of mind and lowers the financial pain of repairing your home and replacing damaged or stolen belongings.
Salient Features of House Hold Insurance:
- All items having value of more than 5% (five percent) of the total sum insured under Section I B should be separately specified along with their values.
- Under the All Risks Section (Section III) any article valued at more than 10% (ten percent) of the sum insured has to be separately specified along with its value.
- Jewellery and valuables kept in the bank locker may also be covered on first loss basis.
- There is no upper limit for sum insured either on building or contents.
- The policy carries varying excess applicable to different sections.
- There is no upper limit for sum insured either on building or contents.
