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Chola MS Bharat Griharaksha Policy
Home is a place filled with memories. Everyone wants to put it as perfect as possible. But, Natural calamities or Manmade activities does not come with prior notice.Chola MS Bharat Griharaksha policy covers your building structure and/or your contents against loss or damage or destruction caused by 14 insured events listed in the Policy for any sum insured.
Chola - Why Choose Chola MS Bharat Griharaksha policy Content
Why Choose Chola MS Bharat Griharaksha Policy
Chola MS has simplified the way of insurance, right from purchase of policy to closure of claims
Chola MS Bharat griharaksha policy protects building along with additional structures like
- Garage, domestic out-houses used for residence, parking spaces or areas
- Compound walls, fences, gates, retaining walls
- Verandah or porch
- Septic tanks, bio-gas plants, fixed water storage units or tanks
- Solar panels, wind turbines and air conditioning systems, central
- heating systems and the like, if not included Home Contents Cover
Home is a valuable property sometimes being your only big investment. Premium for insuring such an investment is always a best bet. CholaMs offers you home insurance at affordable and convincing premiums. You can also cover your valuables by taking an additional cover. Chola MS also provides personal accident cover as an add on.
Chola MS bharatgriharaksha offers cover for
- Loss of Rent
- Rent for Alternative Accommodation
- Professional Fees - towards architect, surveyor, consulting engineer fees – Up to 5% of Claim amount
- Clearance and removal of Debris clause - Up to 2% of the claim amount
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Chola - How to calculate Sum Insured
How to calculate Sum Insured?
Carpet Area (in sqmtrs) X Construction Cost per Unit Carpet Area at the commencement of policy, declared by customer and agreed by insurer
In built cover if both Building and Contents cover are Opted -20% of Building SI or Rs.10 lacs whichever is less (details not required). Can opt for a higher Sum Insured by specifically declaring General Content along with details and by paying additional premium
Chola - Add ons that provide additional benefit
Add ons that provide additional benefit
on Agreed Value Basis (under Home Contents cover) with a valuation certificate , covering loss or damage caused due to insured perils:(However, the requirement of valuation certificate is waived if the Sum Insured opted for is up to ₹ 5 Lakh and Individual item value does not exceed ₹ 1 Lakh) by payment of additional premium
Accidental Death only to Insured and Spouse (Rs. 5 lacs per person) due to insured events whilst within the premises, by payment of additional premium
Chola - Modifying/Endorsing Your Insurance Details Content
Modifying/Endorsing your Insurance details
In case of change in name, address or any other details to changed/added to the policy, you can contact Chola MS for endorsement request. The request will be raised and the same changes will be updated in the policy.