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FAQ
Home is where your heart
is. No matter where you travel, you crave
the comforts of your home, the safe haven
you have built for yourself and your family.
You have carefully chosen your possessions,
which go into making a house into a home.
You also know home is a precious space which
offers you peace, feeling of safety and
contentment. Your family, your
possessions- your assets and your interests,
they all lie within your home. Don’t you
think they all need added protection? That
is why Cholamandalam has thought of a comprehensive
Home insurance policy. You will see there
is little we have excluded from our policy.
Nowhere
else would you find such attention given
to details…
Home Insurance
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What are the risks covered
in Home Insurance? |
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Building - Risk
Covered Fire, Lightning,
Explosion and Implosion,
Aircraft or articles
dropped from there, Riot,
Strike or Malicious
Act, Terrorism, Earthquake
Fire and/or Shock, Subsidence
and Landslide (including
Rockslide) damage, Flood,
Inundation, Storm, Tempest,
Typhoon, Hurricane,
Tornado, or Cyclone,)
Impact damages,1B Contents
Subsidence and Landslide
including Rockslide)
Bursting and/or overflowing
of (Excluding money and
valuables) Water tanks,
apparatus, and pipes,
Missile testing operations,
Leakage from automatic
sprinkler installations,
Bush Fire.
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Contents (Excluding
money and valuables)
- Risk Covered Fire,
Lightning, Explosion
and Implosion, Aircraft
or articles dropped
from there, Riot, Strike
or Malicious Act, Terrorism,
Earthquake Fire and/or
Shock, Subsidence and
Landslide (including
Rockslide) damage, Flood,
Inundation, Storm, Tempest,
Typhoon, Hurricane,
Tornado, or Cyclone,)
Impact damages,1B Contents
Subsidence and Landslide
including Rockslide)
Bursting and/or overflowing
of (Excluding money and
valuables) Water tanks,
apparatus, and pipes,
Missile testing operations,
Leakage from automatic
sprinkler installations,
Bush Fire.
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Contents - Burglary,
Housebreaking.
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Jewellery & Valuables
- Accident or misfortune
anywhere in India.
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Plate glass -
Accidental breakage.
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Domestic appliances
- Electrical or mechanical
breakdown or accident.
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Domestic Electronic
equipment - Total
loss from electrical
or mechanical breakdown
or accident.
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Cancellation of Vacation
- Forfeiture of monies
paid to hotels/resorts
due to illness, death
or loss of home due
to fire & allied perils.
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Baggage - Loss
or damage while traveling
in India.
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Personal accident
- Loss of life (up
to 4 persons) and repatriation
of mortal remains.
Section 1B and any two
sections are compulsory
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Can I insure my plate glass,
domestic appliances and
electronic equipments? |
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Yes,
if you choose to include
the sections of insurance
of plate glass/ , domestic
appliances and electronic
equipments in your home
insurance policy. Subject
to your inclusion, the conditions
of the coverage is-
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Plate glass |
Accidental breakage |
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Domestic appliances |
Electrical or mechanical
breakdown or accident |
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Domestic Electronic
equipment |
Total loss from
electrical or mechanical
breakdown or accident |
Loss or damage caused by
depreciation or wear and
tear will not be covered.
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Tell me more about this
coverage for cancellation
of Vacation. |
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It is
a special feature offered
exclusively by Cholamandalam
insurance. Often times,
we dream, plan for that
well deserved holiday. Yet
sudden changes throw a wrench
into our plans.
Cancellation
of Vacation: The Company
will indemnify, up to the
Sum Insured, for pre-paid
monies forfeited, (if such
forfeiture is as per terms
of a contract of booking
and/or reservation of accommodation),
for cancellation of hotel
rooms and/or holiday resort
as a consequence of hospitalization,
loss of life or due to Flood,
Inundation, Storm, Lightning,
Earthquake, Fire etc.
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Is Personal Accident part
of the Home Insurance? |
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In the
home insurance, section
1B and any two sections
is compulsory. If you choose
Personal accident section
in your policy you are entitled
for cover.
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Personal accident
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Loss of life (up
to 4 persons) and
repatriation of
mortal remains |
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Is baggage / jewellery
loss covered in
home insurance? |
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Baggage and jewellery
insurance have to
be chosen by you
apart from 1 and
1B for you to claim
cover. If you do,
yes, there is cover
for loss or damage
of baggage or jewellery
while you are anywhere
in India. Remember
baggage and jewellery
are two separate
sections and not
one.
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