| Q.21. What is level of cash which can be covered in home insurance policy? |
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| Ans. No, cash lying in the home is not at all covered. Even Rs.1000 is not covered. |
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| Q.22. Is burglary risk covered? |
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| Ans. Yes, it is covered but you should take burglary cover by paying extra premium as it is not covered under normal home insurance policy. |
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| Q.23. We have burglary cover in home insurance policy? We were away to USA for 5 months and burglary occurred but Insurance Company has rejected our claim? |
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| Ans. Yes, it is covered but F.I.R has to be filed within 24 hours. The cover is not valid in your case as you were out of your house for more the 60 days at a stretch and it was locked. In future make arrangement that some one lives/sleeps in your house when you are away for 5 months. |
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| Q.24. What is the procedure to be followed for getting burglary cover? |
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| Ans. You have already prepared list of assets for fire coverage .Same list is valid for Burglary cover. You have to pay suitable premium for this. |
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| Q.25. Is it that the wood work of our apartment is covered by insurance? |
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| Ans. Yes, it is covered. Cupboard should be covered under building. Furniture should be covered under head of Furniture & Fixtures. |
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| Q.26. Is marble flooring of our home covered under home insurance? |
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| Ans. Yes, it is very much part of building cost, where you have taken structure cost @ Rs.2000/sq.ft. If marble flooring comprises of Italian marble- then do mention in the proposal form. It will help you when there is need to lodge the claim. |
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| Q.27. Are the garments /Sarees being used by us (not new) covered under the insurance policy? |
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Ans. Yes, declare the broad details of these items under various heads along with quantity/price
Woolen suits (gents)
Silk Sarees
Ladies suites
Western Dresses.
So that you have no difficulty when the claim is lodged.
Writing lump sum figure generally leads to under insurance case and the claim gets rejected.
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| Q.28. If the garments are covered, how the premium would be calculated? |
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| Ans. Premium would be paid according to the value of the garments declared by you. |
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