There are a number of reasons as to why one should avail Home Insurance Plans from Bajaj Allianz Insurance Company; these can be summarized as follows: Home Insurance Plans covers the loss from burglary, fire and natural calamities. The plans cover for jewellery, valuable art work and other valuables too. This plan provides full guard to the property, contents (including portable equipment)and the interests of the insured individual and their family members. All the plans comes with attractive add-ons which help to customize the plan. Under specific plans, a benefit of renting an alternate accommodation is also applicable. All plans comes with low cost premium under the plans with rebates. Under this plan, one can insure flat / apartment/ building or contents only or both as well. Various plans are there to choose. Householders Package Plans Its a plan which is designed to protect the house and its contents against the uncertainties and unforeseen circumstances. Features and Benefits Affordable Premiums. Attractive Rebates. The plan provides protection for properties, electronic and domestic appliances and the interests of the insured individuals together with the family members. What is covered Fire and Allied Perils : This includes the following: Fire Explosion/ Implosion Lightning Aircraft Damage. Riots, Strike and Malicious Damage. Storm, cyclone, Typhoon, Hurricane, Flood, Tornado, Tempest and Inundation. Subsidence and Landslide which includes Rockslides as well. Impact Damage. Water Tanks, apparatus and pipes bursting or overflowing. Bush Fire Leakage from Automatic Sprinkler Installations. Earthquake. Exclusion: 5% of the claim amount for every claim arising out of Act of God perils. Damage due to terrorist activities. Burglary and Theft : This plan covers the following: Damage due to thefts and housebreaking. Protection on First Loss basis. Exclusion: Loss of livestock, motor vehicles, pedal cycles and money stamps unless declared. Burglary or housebreaking where the main person involved is ay member of the insureds family. Jewellery and Precious Items: Here the valuation certificate is needed to cover the jewellery and the precious items. Breakdown of Domestic Appliances : This plan covers the following: Repair or replacement cost which occurs due to unanticipated mechanical or electrical breakdown of domestic appliances (excluding AC). Optional Coverage which includes air conditioners are covered by payment of additional premium for Rs 10 per Rs 1000 of Sum Insured. Exclusions are negligence on the part of the insured, loss or damage caused due to wear and tear, loss or damage for which the manufacturer or the supplier is responsible, mobile phones or similar mode of communication Electronic Equipment : This plan covers the following: Unanticipated Repair or replacement cost which occurs in electrical appliances by any unexpected and sudden physical loss. Exclusions are manufacturing defect, loss or damage caused due to wear and tear, gradual deterioration, climatic conditions, rust, corrosion, cost incurred for functional failures which is the result of the negligence of the insured person. Baggage : This plan covers the accidental loss or damage caused due to personal baggage which the insured person or his family member carries while travelling anywhere in India. Plate Glass: This plan covers the loss of the accidental breakage of the Plate Glass which is fixed at the premises. The full details and the value of the same needs to be furnished. Exclusions are breakage at the time of repair, alterations, or repairs, glass not fixed accurately, Pedal Cycles: This plan covers all the related risks for the Pedal Cycles including third party liability arising out of pedal cycle is also covered. Exclusions are any loss or damage incurred outside India. Damage to accessories by theft if the same is tolen. Personal Accident Insurance: This plan takes care of the accidents and unforeseen circumstances resulting in huge financial loss. Details of each person together with the amount insured needs to be mentioned. Personal Liability/ Workmens Compensation: This plan takes care of the accidents and unforeseen circumstances which occur to the third party. One can avail Group Discount under the Householders package Plan which can be taken if one opt for more sections. For 5-6 sections it is 15% on all sections except Section 1 and 7 or more its 20% on all sections except Section 1. Exclusions: No indemnity is allowed in the following situations: Loss or damage caused due to depreciation or wear and tear. Damage to contents of consumable nature. Consequential loss of any kind or description. Loss/ damage of cell phones or similar mode of communication. Loss/ damage to valuables, jewellery or precious items.
