House holder's Insurance policy is designed to cater the needs of the house hold by combining various contingencies under one policy, which are otherwise covered separately. There are ten sections in the policy offering cover against loss or damages to the insured property, caused by various perils. Brief details are as under.SECTION I ( A)--BUILDING. SECTION I ( B ) IT'S CONTENTS
This section provides cover against Fire, Explosion of domestic gas cylinder, bursting and overflowing of water tanks, apparatus and pipes, Aircraft or articles dropped therefrom, riot and strike, Earthquake (Fire and/or Shock) malicious act, flood, inundation, storm, cyclone subsidence and landslide (including Rock slide) damage, impact damage.SECTION II
This section envisages cover against loss or damages, to property contained in the premises occupied by the insured against Burglary,House breaking,larceny,or theft.SECTION III
Jewelry and valuables can be covered under this section against loss or damage by Accident or misfortune whilst anywhere in India, subject to limits specified in the schedule.SECTION IV
Fixed Plate glass againstaccidental damage subject to limit of liability specified in the schedule.SECTION V
Damage caused by and/or solely due to mechanical and/or electrical breakdownof domestic, electrical or mechanical appliances,apparatus or gadgets.SECTION VI
Loss of or damage to Television Set caused by the perils mentioned in sectionI ,II ,V, accidental external means mechanical or electrical breakdown. This section also provides cover for Legal liability upto Rs.25,OOO/- and damage t.o insured's own property due to collapse of antennae up to Rs.3000/-.SECTION VII
Loss or damage to pedle cycle caused by perils mentioned in section I and II of the policy. Further this section also provides cover for external accident and legal liability subject to a limit of Rs.l 0,000/-.SECTION VIII
Loss or damage to Insured's accompanied Baggage by accident or misfortune whilst the Insured is traveling on tour or holiday any where in India.SECTION IX
Death or bodily injury by accidental, violent, external and visible means to the Insured person named in the schedule and subject to limits as specified in the schedule.SECTION X
Insured's legal liability for bodily injury to or loss of or damage to property of third party limited to amount specified in the schedule and workmen's Compensation liability to domestic servants in the Insured's premises.MULTI SECTIONAL DISCOUNT
Where more than 4 and up to 6 sections (including tariff rated sections) = 15% on non-tariff rates only.
Where more than 6 Sections (including tariff rated sections) = 20%
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