Property insurance

Overview:
Whether it's residential, commercial, or industrial, property insurance ensures that your valuable assets are safeguarded. In India, where fire-related incidents are common, our coverage offers an added layer of financial security, giving businesses the peace of mind to continue operating despite unexpected costs. Secure your property with the right coverage today!

What is covered?

1. Fire

2. Lighting

3. Explosion/Implosion

4. Aircraft Damage

5. Riot, Strike and Malicious Damage

6. Any loss, damage or destruction to the structure of the house.

7. Any loss, damage or destruction to the articles or things of the house

8. Loss of Rent and Rent for Alternative Accommodation

9. Reasonable fees of architect, surveyor, consulting engineer

10. Reasonable costs of removing debris from the site

11. Bush Fire, Forest Fire, Jungle Fire

12. Leakage from automatic sprinkler installations

13. Subsidence of the land on which Home Building stands, Landslide, Rockslide

For the complete list of coverages, please refer to our policy wordings.

What are the extensions under the policy?

1. Consequential Loss Cover

2. Extension to Cover Suppliers’ Premises

3. Extension to Cover Customers’ Premises

4. Additional Increase in Cost of Working

For the complete list of extensions, please refer to our policy wordings.

Exclusions:

1. War, invasion, war-like operations

2. Ionising radiation

3. Pollution or contamination

4. Consequential or indirect loss or damage

5. Costs, fees or expenses for preparing any claim

6. The claim under this policy is not payable if the claim for property damage is not payable

7. Mutiny, Civil Commotion

For the complete list of exclusions, please refer to our policy wordings.

Important factors to consider while purchasing Property Insurance:

-          Check what’s covered and what’s not

-          Adequacy of sum insured

-          Look for risk mitigation processes like safety audits or fire safety equipment