First loss basis insurance policy for householders
Home Protect Lite is a first loss basis policy which combines fire and burglary and comes in 2 annual plans which you can decide upon based on specific requirements.
- Pre-underwritten insurance plans with stated sum insured
- Convenient claim settlement process
- Affordable premiums
- Less documentation and speedy service delivery
- Consist of a variety of covers that protects your building and contents against loss or damage occurred due to fire and burglary related perils
- Fire and lightning
- Riot and strike
- Malicious damage
- Natural perils including cyclones, storms, tempests and floods / tsunami etc
- Bursting and overflowing of water tanks, pipes and apparatus
- Aircraft damage
- Burglary insurance cover (for contents only)
- Electrical short circuiting
- Removal of debris
- Professional fees
- 10% or Rs.5, 000/- each and every loss in respect of Malicious Damage claims.
- 10% or Rs. 10,000/- whichever is higher in respect of Natural Perils claims.
- 1, 000/- in respect of all other claims.
Terms and conditions of the product offering
- The building should be used exclusively as a private dwelling house and not for other purposes or domestic industries.
- The premises should be secured against burglary.
- The premises should be in a good state of repair.
- The construction should be bricks/concrete/cement block, walls and roofed