Exclusions
This policy is also known as Householder’s Insurance Policy. This policy consists of a blanket cover for your sweet home.
What does the policy cover?
The insurance for your home can be broadly divided into 2 parts :
- Structure Cover – This is for the structure of your home. The compensation under this cover will be paid to repair damages to the structure caused by specified natural and man-made calamities
- Contents Cover – This is for the possessions you have inside your home. If these are damaged or burgled, then the insurance covers the loss you incur for the same You can take either one of these covers individually or opt for both to make sure you are covered comprehensively.
Scope of Cover:
- Fire (Building and contents)
- Burglary (Contents – House Breaking & Theft)
- Jewellery (All Risks – Accidents / Misfortune)
- Plate Glass (Accidental Damage)
- Breakdown of Electrical/Mechanical Appliances
- Electronic Equipment (All Risk including Breakdown Repair)
- Pedal Cycle (All Risk-Accident including Liability)
- Baggage (Loss by Accident/Misfortune anywhere in India)
- Personal Accident (Death / PTD / PPD / TTD)
- Public Liability (Third Party / Domestic Servants)
- Earth Quake is covered at no extra premium
Exclusions
Structure and Content Insurance:
- Loss, destruction or damage caused by war, invasion, act of foreign enemy hostilities or war like operations
- Fire and Special Perils (Structure and/or Contents) Covers losses to the structure of the house and the contents due to any specified natural and man-made calamities.
The calamities covered are:
- Fire
- Malicious Damage
- Explosion / Implosion
- Earthquake
- Lightning
- Storm
- Cyclone
- Tempest
- Tornado
- Hurricane
- Floods
- Strike
- Riot
- Impact Damage
- Missile Testing Operations
- Landslide
- Inundation
- Leakage from Sprinklers
- Subsidence
- Rockslide
- Aircraft Damage
- Bursting and Overflowing of Water Tanks.
Burglary (Contents) Covers the loss of contents due to burglary or an attempted burglary, and loss of jewellery, gold ornaments, silver articles and precious stones kept under lock and key.
Apart from the above covers, you can also opt for the following covers: Additional expenses of rent ` 1,00,000 for alternative accommodation
This cover provides for additional expenses incurred for the payment of rent, in case you have to shift to an alternative accommodation due to the action of perils covered under this policy.
Terrorism (Structure and/or Contents) It covers losses to the structure of the house and the contents due to acts of terrorism.
- Loss or damage caused by the insured’s and/or insured’s domestic staff direct and/or indirect involvement in the actual or attempted burglary or theft
- Willful destruction of property
- Losses if your house has been unoccupied for more than 30 days without any notice to ICICI Lombard
- Cash, bullion, paintings, works of art antiques, mobiles and laptops
- Electrical/Mechanical breakdown