What Does Your Householders Insurance Policy Really Cover..

by Mr. Subrahmanyam B, Bharti Axa General Insurance

Generally, householders insurance policies cover the following:

(1) Loss or damage to building, fixtures, fittings and renovations due to fire as well as other perils such as earthquake and flood.
Loss or / damage due to terrorism can also be covered as an option.

(2) Loss or / damage to home contents, valuables, appliances (TV, fridge, washing machine, air conditioner, laptop), and also fragile items such as plate, glass and sanitary ware. Such loss or damage can be due to fire and other perils and also due to burglary.

(3) Personal accident coverage providing for payment of compensation due to accidental death and permanent total or partial disability of the insured person.

(4) Loss of rent if the whole house or / parts of it become unfit for occupation following a fire or / other perils such as flood or earthquake.

(5) Accidental death or / theft of pedigree pets.

(6) Loss or damage to personal baggage due to accident or misfortune while travelling in India.

(7) Accidental death or injury of domestic servants as provided for under Fatal Accidents Act or Workmens Compensation Act.

About the author..

Mr. Subrahmanyam B is VP & head, health vertical and commercial lines at  Bharti Axa General Insurance


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