Skip to main content

Home insurance on Agreed Value Basis.


Home Insurance On Agreed Value.
Now you can insure your most valuable Asset, Your Home on Agreed Value Basis.
One can insure the asset against Fire, Flood, Earthquake, Burglary, and Damage to electronic items, Portable Equipments (T&C apply), Jewelery, Painting & Curios.
The coverage can be taken for up to 3 years, further one can take coverage only for apartment or only for contents or for both.
The policy offers options to cover the apartment on indemnity basis & re instatement value basis for further clarifications read the policy terms & conditions.

 Once the company pays for the market value, it takes over all the rights over the property through subrogation - a legal claim which entitles the insurer to obtain any recovery on behalf of the claimant. Even if the owners decide to go for redevelopment, the insured can claim redevelopment costs and rentals for an alternate accommodation during the construction period.

For a sum insured of Rs 1 crore, the annual premium works out to Rs 4,500. If contents worth Rs 5 lakh are added, the premium rises by another Rs 3,250. Like the name suggests, the 'My Home All Risk' covers the property against every possible damage except for inherent defects. 


Reach us at
planmyinsurance@gmail.com

Labels:

Comments

Post a Comment

Popular posts from this blog

As long as Life Goes on Smoothly No One pays attention to it. But what if CANCER hits UNEXPECTEDLY??? Not only does it affect physically & mentally but also IMPACTS one’s finances. One can With COURAGE & WILL POWER FIGHT BACK PHYSICALLY & MENTALLY, WHAT ABOUT THE FINANCES? BE READY TO FIGHT BACK FINANCIALLY IN CASE OF CANCER. Let’s see what APOLLO MUNICH HEALTH INSURANCE CANCER PLAN has on offer. ABOUT THE PLAN: It has two variants… ESSENTIAL & ENHANCED. AGE AT ENTRY : - 5 TO 65 Years. SUM INSURED : - Rs. 5,00,000 TO Rs.50,00,000 ABOUT ESSENTIAL / STANDARD PLAN….. Coverage of medical expenses for hospitalization (inpatient and Daycare) and outpatient treatment taken for cancer. • Conventional treatment • Chemotherapy • Radiotherapy • Organ transplantation, as part of Cancer treatment • Surgeries for excision of cancerous tissue or removal of organs/ tissues(Onco-surgery) • Pre- hospitalization expenses incurred in the 30 da...
Post a Comment
Read more

BAJAJ ALLIANZ EXTRA CARE PLUS

BAJAJ ALLIANZ EXTRA CARE PLUS In times of rising medical cost, It is important to consider the fact that with rising inflation the existing health insurance cover may not be adequate, at the same time buying a large insurance cover may not be affordable Now a solution where in  one can enhance the sum insured and add extra protection to one’s existing health plan, with Extra Care plus Policy which provides an additional cover to your existing health insurance cover and provides wider health protection for you and your family. This policy is a perfect fit for a wider health insurance cover to take care of the rising health care expenses . THE SPECIAL FEATURES OF EXTRA CARE PLUS POLICY • Floater policy for proposer/ spouse/ dependent children/dependent parents (dependent parents under same policy) • Entry age 91 days to 80 years • Wide range of sum insured and aggregate deductible options • No pre-policy medical tests up to 55 years of age (subject to terms & co...
Post a Comment
Read more
  Standardization of Health Insurance . Applicable From 1st Oct 20 , all the health insurance / mediclaim policies across the country were to have standardized policy wordings , exclusions & waiting periods. What does it mean for the policy holder & what were the changes being made? Let’s see….. What standardization means? It means to have uniformity in the health insurance policy contract across all providers. All the new conditions will be applicable to new policy holders & for existing policy holders were to come into effect on their immediate renewal. The Changes being bought into …. Key Inclusions Modern Treatment Method covered with certain sub-limits, Some of the indicative modern treatment methods are: 1) i. Uterine Artery Embolization and HIFU 2) ii. Balloon Sinuplasty 3) iii. Deep Brain stimulation 4) iv. Robotic surgeries 5) v. Oral Chemotherapy An indicative list of some listed Conditions which will now be covered in Health Policies- i. Mental Illness...
Post a Comment
Read more