Householder’s Package Insurance Policy

Householder’s Package Insurance Policy

Householder Package Insurance Policy

Householder Package Insurance Policy

This is a package policy of various sections which covers household / domestic property including items of property therein for which an householder is accountable and / or legally liable.

Scope of  Householder’s Package Insurance Policy

  • Covers the house and contents in house against Fire & Allied Perils. Coverage for contents under this Section is compulsory.
  • Covers contents in house against burglary, housebreaking, theft and larceny. Damage to house and/or safe due to burglary and/or housebreaking or any attempt thereat is also covered subject to a maximum of  5% of the sum insured.
  • Covers jewellery and valuables against loss or damage due to accident or misfortune whilst anywhere in India.
  • Covers all domestic, electrical and mechanical appliances (other than Air- conditioners which can be covered at extra premium subject to special terms)in the house against mechanical and/or electrical breakdown. The sum insured will be equal to the current new replacement cost.
  • Provides all risks cover for personal computers (including accessories and printer) in the house. The sum insured shall be equal to the cost of replacement by a new item of the same kind and capacity.
  • Provides all risks cover for TV/VCR/VCP/CD/DVD player in the house. The sum insured shall be .equal to the cost of replacement by a new item of the same kind and capacity.
  • Covers loss or damage to fixed plate glass, frames or framework (including lettering consequent upon breakage of glass) due \ to accidental breakage. The sum insured should be equal to the current new replacement value.
  • Covers loss of personal baggage of the householder and that of his/her family members due to accident during any journey undertaken in India outside the city.
  • Covers loss of or damage to pedal cycles .due to fire & allied perils, burglary, housebreaking, theft and earthquake.
  • Provides for compensation towards accidental injury/death covering the householder and family members (aged between 5 to 70 years).
  • Covers legal liability to domestic servants under Fatal Accidents.
  • Covers legal liability to pay compensation to third parties in accordance with Indian Law.

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