| Q.6. Does Home insurance covers flooding? |
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| Ans. Yes, it covers. You should not think it can be flooding due to river only. It can be flooding due to sewer overflowing or pipe burst of the water main pipeline which can flood your locality and your home. |
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| Q.7. Can I get Home insurance for apartment which is rented out to a tenant? |
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| Ans. Yes, you can insure the structure. As far as contents are concerned the tenant can get these insured as he is the owner of those assets. |
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| Q.8. Sculptures, unique tiles, antique stones fixed in our home are to be insured
under home insurance policy? Can it be done? |
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| Ans. Yes, these can be insured. May be for some highly valuable items there will a need to have a separate policy issued. A Sculpture costing Rs.10000 may be considered as part of normal home insurance policy but a Sculpture piece by a master artist and costing Rs.70 lakhs definitely needs a separate policy. |
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| Q.9. Will my home is covered from bomb blasting and any other kind of terrorism damage? |
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| Ans. Yes, you have to pay premium for terrorism cover separately. It is not part of normal home insurance policy. |
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| Q.10. Will my home is covered from the destruction caused by the thunderstorm? |
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| Ans. Yes, it is covered under the head storm. |
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| Q.11. Clarify whether home insurance policy covers land as well as the building? |
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| Ans. There is no need to cover land as it never gets destroyed. The structure of the building can get destroyed by any natural calamity say earthquake, flood etc: but the land will always be there. Therefore your building (structure) should be covered for all risks. |
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| Q.12. One door and 2 windows of my home have been damaged by flood and it need replacement of 50% part (wood/plywood) and full polishing for 100%.Can I lodge claim for this? |
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| Ans. Yes, it is covered. It will be paid. |
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| Q.13 Due to dust storm the glass panes of 5 windows of my house got cracks? Is it covered under home insurance? |
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| Ans. If the claim amount is small say Rs 2000 you may get paid under normal policy. If the claim amount is Rs 15000 or higher due to damage to expensive glass /plate glass then your claim will be rejected if you had not paid higher premium under plate glass category. It is suggested that you should declare value under plate glass at the time of taking the policy. You will pay slightly higher premium but it will protect your interest as glass can always get damaged due to various reasons. |
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