property_insurance

Home is where the heart is. There are no truer words than these. Our entire life revolves around our home. Besides being an investment of our life's savings, home is also the place of our dreams. Alive with countless warm memories.

Samuel Johnson's words ring true here -

“To be happy at home is the ultimate result of all ambition.”

We at SUNFN REALTY, also offer Insurance Covers from ICICI LOMBARD General Insurance company to Insure your most prized possession as well as the liability of Home Loan.

The ICICI Lombard Advantage

ICICI Lombard General Insurance Company Limited is a 74:26 joint venture between ICICI Bank Ltd – India's second largest bank and Fairfax Financial Holdings Limited US $ 26 Billion diversified financial services corporate engaged in general insurance, reinsurance, insurance claims management and investment management. Lombard Canada Ltd., a group company of Fairfax Financial Holdings Limited, is one of canada's oldest property and casualty insurers.

There are two types of Insurance covers that we recommend you to go for when you are buying a new property.

1. Home Insurance

What Does The Policy Cover?

The Home Insurance can be broadly divided into 3 parts:

Structure Cover – This is for the structure of your home. The compensation under this cover will be paid to repair damages to the structure caused by natural and man-made calamities mentioned below.
Contents Cover – This is for the possessions you have inside your home. If these are damaged or burgled, then the insurance covers the loss you incur for the same.

Personal Accident Cover – Death of Insured Person on account of an Accident.

You can take either structure or Content insurance cover individually or opt for both and take the Personal Accident cover as a rider.

ICICI Lombard Home Insurance Policy has a comprehensive range of covers to protect your home and your life. They are as follows :

Fire & Special Perils Sum Insured: Rs. 300,00,000 (Max)

The Calamiities covered are : Fire, Malicious Damage, Explosion/Implosion, Earthquake, Lighting, Storm, Cyclon, Tempest, Tornado, Hurricane, Floods, Strike, Riot, Impact Damage, Missile Testing Operations, Landslide, lnundation, Leakage from Sprinklers, Subsidence, Rockslide, Aircraft Damage, Bursting and Overflowing of Water Tanks.

Burglary Sum Insured: Rs. 100,00,000 (Max)

Loss of Jewellery, Gold Ornaments, Silver Articles and precious stones kept under lock and key.

The Contents are covered on a 'Market Value' basis. i.e. the cost of buying a similar new item, after deducting appropriate depreciation on the basis of the age. This includes appliances, Furniture, Personal effects, utensils and miscellaneous items.

Personal Accident Sum Insured : Rs. 20,00,000 (Max)

Coverage Period

Structure Cover : 1 year, 3 years, 5 years, 10 years, 15 years, 20 years
Content Cover : 1 year, 3 years, 5 years,
Personal Accident Cover : 1 year, 3 years, 5 years