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Home Insurance

 

                                                                               Home Insurance

 

Wealth Creation, monetizing one’s knowledge and time is the in thing today, across generations. It is also important to secure already created wealth. We have to analyze unexpected risks and make a provision to minimize the effects of a loss.

Risk perception, risk management & risk transfer are significant tools in this process. Risks like natural calamities or man-made activities can be safely insured with affordable premiums. These include

·         Fire

·         Burglary

·         Theft

·         Storm Cyclone Earthquake

·         Riots & Terrorism accidental damages

 

Not only structural aspects of your home, but also your belongings, including expensive electronics, jewelry and more can be covered under the package cover 

Who can take this cover?

Owner: For building, contents

Tenant or a non-owner: One can insure the contents of the house, jewelry and valuables, curios, paintings, work of art and portable electronic equipment

What does the package cover?

·         Fire cover provides insurance for all fixed assets. Covers loss of or damage to the building/ contents by Fire & allied perils (Storm, Cyclone, Earthquake, Riot, Strike Terrorism etc.). Sum Insured can be decided based on market value

·         Burglary & House breaking (HB) including larceny or theft

·         All Risks Covers loss or damage to insured jewelry & valuables caused by accident or misfortune while anywhere in India

·         Breakdown of domestic appliances: Covers mechanical & electrical breakdown. One  may take good care of electronic appliances and gadgets  but they might breakdown. Cover is for the sudden expenses incurred in case of breakdowns. Sum Insured of the items should be new replacement values.

·         Television set TV & VCR/VCP: Covered for fire & allied perils, burglary and or housebreaking, theft, damage by accidental external means, mechanical or electrical breakdown, legal liability due to antenna fittings is also covered

·         Baggage: This insurance is a component of travel insurance. Cover is for the expense of personal effect if the check-in baggage is lost or delayed by the common carrier

·         Personal accident: In the event of Insured person sustaining bodily injuries resulting solely and directly from accident caused by external, violent, visible means resulting in death or disablement within 12 months of its occurrence

·         Rail/Road/ Air accidents: Injury due to any violent collision/ fall snakebite, burn injury, drowning, poisoning etc.

·         Public liability: Liability to domestic servants will be indemnified as per WC Act , Fatal Accidents Act 1855

               or Common Law and to public property.

 

Package policies are one stop solution for the security of all assets. Covers are designed to combine a number of contingencies under a single policy which are otherwise covered separately. Policies may also be customized to suit the needs of the Insured.

Disclaimer:   

Zen Insurance is an IRDAI registered broker which facilitates quick & accurate insurance broking services. We deal with only regulator approved products of insurers. We do not underwrite the products

 

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