Saraswati Group of Companies

What are the Features and Benefits of Home Insurance?

Why suffer from any potential losses to your property and possessions when you can cover it with the HDFC ERGO Home Insurance policy? Secure your home with our Home Insurance policy which also offers premium discounts for certain security features. Here are some of the features of the policy: You will get some exclusive features and benefits with your Home Insurance Complete Protection: Avail of protection for both your home and its contents Optional cover: Along with extensive coverage, a low cost optional cover for burglary, including theft and larceny is also offered. Premium discounts: You can avail of a premium discount 15% for security features at your home Minimum Documentations: Minimum & uncomplicated documentation required for this policy.

What coverage does HDFC ERGO Home Insurance policy offer?

Here are the details regarding the coverage that the Home Insurance policy offers:
1) Fire and Special Perils Building (section I) and Contents (Section IA)This covers the
structure of your home and contents against the following.

• Fire, lightning, explosion / implosion, aircraft damage
• Riot strike, malicious and terrorist damages
• Bursting and overflowing of water tanks, apparatus, pipes
• Storm, cyclone, typhoon, tempest, hurricane, tornado, flood and inundation
• Earthquake, volcanic eruption and other convulsions of nature
• Impact damage by rail / road vehicle and animals
• Subsidence and landslide, including rockslide
• Missile testing operations
• Leakage from automatic sprinkler installations
• Bush fire
• Terrorism
The Sum Insured for the Fire and Special Perils cover is as follows: The sum insured for the property is based on the reinstatement value. This is the reconstruction cost of the house in the event of any loss / damage due to any of the insured events covered under this policy. The reconstruction value for your house will be determined by the construction cost which does not include the cost of land. The reconstruction cost is based on the following parameters:
• 1. Built-up area of the house (Square Feet)
• 2. Cost of construction in your area / locality

Burglary and Housebreaking including Larceny and Theft

(Section II) - Contents (as defined by Indian Penal Code) You can insure the possessions in your home against loss due to burglary, attempted burglary and/or break-ins. If your jewellery is kept in a locked safe within the home premises, it will also be covered, if stolen. The Sum Insured for Burglary and Housebreaking including Larceny and Theft is as follows:
• The conditions under Section I A Fire and Special Perils will also apply to Section II Burglary and Theft.
• The sum insured for contents / valuables is based on the market value.
• You could cover a host of household items like electronic equipments, furniture and furnishings, jewellery, clothes etc.

What are the exclusions on the HDFC ERGO Home Insurance policy?

The following are the exclusions on the policy that you should note.
• Wilful destruction of property
• Loss or damage caused by depreciation, wear and tear and consequential loss of any kind
• Loss or damage, directly or indirectly, caused by, arising from or in consequence of or contributed to by nuclear weapons material and/or ionizing radiations
• Loss or damage, whether arising directly or indirectly from any consequences of war, invasion, act of foreign enemy, hostilities (whether war be declared or not)
civil war, rebellion, revolution, insurrection military or usurped power or civil commotion or loot or pillage in connection therewith.