Householders Insurance Policy

Householders Insurance Policy is a comprehensive package policy that protects householders from a wide gamut of potential risks and perils. The householders package policy includes the following 10 sections:

• Fire Insurance of the building and household contents
• Burglary, housebreaking, larceny and theft
• All Risks Insurance for Jewelry, ornaments and other valuables
• Domestic Appliances (Electrical and mechanical failures)
• TV, VCR & VCP and music systems
• Plate Glass Insurance
• Personal baggage while on travel
• Pedal cycle Insurance
• Personal accident
• Third Party Liability

The householder's insurance policy, being a package policy, requires only one proposal form to be completed instead of separate proposal forms for individual policies, thus doing away with the tedious procedure associated with individual policies.

Applicants can either choose a comprehensive cover where all the 10 sections will get covered or the specific sections in which they want coverage. Public sector companies require one to take the coverage of a minimum of three sections of which the first two sections namely fire coverage and burglary are mandatory.

Applicants are required to submit the completed proposal form giving full details of the property to be insured, full value of Jewelry and individual values of each item to be given. In case the applicant opts for more number of sections, a discount in the premium is allowed for non-tariff covers.