Manoj Gehi View On General Insurance &amp Personal Finance.

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 R...

BUILDING'S INSURANCE FOR  SOCIETIES . We all live in a society comprising of various residential units / flats. Being a co-operative housing society there are various risk involved as such getting protected should be of foremost importance. Therefore the law has made it mandatory under BYE LAWS OF THE CO-OPERATIVE HOUSING SOCITEY,  MAHARASHTRA   STATE  U/s. XVII / 161 STATES “ THE SOCIETY SHALL INSURE IT’S BUILDING/BUILDING’S NECESSARILY AGAINST RISK OF FIRE & EARTHQUAKE”. Coverage at a glance. ¨        Standard Fire & Allied Perils  :-  One can insure society buildings / property against damage due to Fire , Lighting, Explosion/ Implosion, Aircraft damage, Riot, Strike Malicious damage, Impact damage, Bursting of Overhead water tanks & Missile testing operations. ¨        Add On Covers  :- Earthquake, Terrorism, Storm, Flood, Tempest & Inundation can be covered by paying ad...