I N S U R A N C E B R O K E R S

You don’t want it. But, you need it !

BUILDING ASSET IS

HARD WORK.

Can you afford to lose

or suffer the loss ?

Not many people have

seen their home burn down

But damage and loss to

your home can occur in

other ways like …

FLOOD

EARTHQUAKE

LIGHTENING

STORM

ACCIDENT

BURGALERY

… or other Perils

causing a

financial disaster.

Home Insurance avoids

such risks.

A hut or bungalow,

rented or owned

insure your house & contents

to protect against

unforeseen risks.

Home Insurance covers the following:

1. Buildings insurance – damage to buildings;

2. Contents insurance - damage to contents;

3. All-risks cover – loss or damage to valuables;

4. Liability insurance – injury to others in or around

your home, damage to other people’s property.

BUILDING INSURANCE COVERS:

The main structure of your home and domestic outbuildings.

Permanent fixtures to your home, for example, fitted kitchen, bathroom, floors, etc.i.e. whatever you can’t take with you when you move.

What is usually covered by buildings

insurance?Damage caused by:

• Fire, explosion, lightning or earthquake;

• Flooding, storm and subsidence, with some restrictions;

• Riot, vandalism, or other violent acts;

• Burglary or attempted burglary that results in property damage;

• Water or oil escaping from a fixed appliance such as a water tank;

• Vehicles, animals, etc, damaging buildings, walls & fences;

• Falling trees and branches.

Contents insurance

Contents insurance

• This can be a separate policy to your

buildings insurance or a combined policy with

your buildings insurance.

• This includes items that you will take with you

when you leave the house, e.g. Furniture /

fixtures, gold / silver articles, electrical /

electronic items etc.

How much do I insure my contents

for ?

• You should insure your contents for the figure it would cost to replace them.

• There may be a minimum amount you can insure your contents for.

What is usually covered?

• Loss or damage to items on a “new for old” basis.

• Accidental damage to household equipment.

• Loss or damage to items you temporarily remove from the house – does not include glass or fragile items.

• Cash stolen from your home, up to a limit.

Public Liability Insurance

• Included in most policies.

• Covers costs, fees and expenses that you are legally liable for if a 3rd party can prove that you were at fault, e.g. someone on your property gets ill, has an accident, is injured or dies. Plus accidental damage you cause to someone else’s belongings.

• Does not cover accidents that happen to members of your family and damage that you cause to your property.

Apartment Package Insurance

Apartment Package Insurance

• This insurance plan is intended to protect the home-owners of apartments against accidental damage of the building. The damage covered under this policy are a variety of disasters such as storm, fire, theft, vandalism and related hazards.

• Covers failure of Lifts, DG Set, Motor Pumps and other machinery / equipments.

• Covers Workmen Compensation to workers in case of death or injury while on duty.

How to make a claim

• Contact your insurer or broker as soon as possible.

• Give brief details of incident and request a claim

form.

• You will be told what to do next.

• You can hire an assessor – works on your behalf and

negotiates with the insurer to settle your claim.

What can you, the property owner, do ?

• Be proactive.

• First and foremost, educate, yourself about

your current policy provisions and insurance

company practices.

• Ask lots of questions.

• After Roti, Kapda aur Makan now it is their

Insurance is a necessity. It is not a luxury.

You have to have it.

• Be sure that whatever happens, the security of

your home is protected by Home insurance.

CONCLUSION

An IRDA (Insurance Regulatory & Development Authority) licensed Brokers.

CHENNAI - BANGALORE – DELHI – JAIPUR –

KOLKATTA – MUMBAI – PUNE – VIZAG.

080-4154-0688 or

bangaloremarketing@richardstrauss.in

DISCLAIMER: This presentation is intended to provide you general

information only and is not exhaustive. It is an education initiative and does

not seek to give you any legal advice.