Why You Need Home Insurance

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What is Home Insurance

• Home Insurance protects your property as well as
  the content inside like furniture, fixtures,
  clothing, electrical items and jewellery.
• With the increasing occurrences of natural
  disasters such as earthquakes and floods and
  incidents such as theft, it has become highly
  imperative to safeguard your home and precious
  valuables.

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Need for Home Insurance

• Essential Investment
• A house is one of the most important
  investments for anyone. It is a valuable asset
  that needs to be protected against dangers such
  as fire, theft, earthquakes, etc.
• Protection Against Natural Disasters
• A house insurance can play a vital role in
  reducing the financial losses caused by natural
  disasters such as floods, storm, lightning,
  earthquakes and storms.

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Need for Home Insurance

• Covers Jewellery and Other Valuable Content
  Inside Your Home
• Protect the contents of your home with a
  comprehensive home insurance policy. A contents
  cover can protect your belongings like jewellery,
  electronic items such as TV and refrigerator, and
  fragile items like plates and glass, against
  problems like theft, damage and loss. Artwork,
  curios and paintings can also be covered.
• Availability of Add-on Covers
• Apart from the essential cover, with a
  little extra premium, you can opt for various
  add-on covers as well. For example Bajaj Allianz
  My Home plan allows you to choose from add-on
  covers such as loss of rent, keys and locks
  replacement cover, lost wallet cover, dog
  insurance cover and much more.

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Who can buy the policy?

• Any Owner Occupant of a Flat / Apartment /
  Independent Building which is less than 30 Years
  Old and which is not of Kutcha Construction can
  purchase this insurance policy for his "Building
  and/or Contents and Jewellery Valuables".
• Any Tenant and other Non-Owners of Residential
  Structure can insure the "Contents and Jewellery
  Valuables" in the Flat/Apartment/independent
  Building occupied by them for residential
  purpose.

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Things to Consider Before Buying

• Market Value or Reinstatement Value
• Market value is the value of your property
  less depreciation as per the age of the
  structure. Reinstatement value means the cost of
  rebuilding your house today. One should always
  choose the reinstatement value clause while
  purchasing home insurance.
• All Risk Cover for Portable Devices
• If the age of all such devices in your
  household (mobile phones, laptop, I-pad, etc.) is
  less than 5 years, then it makes sense to go for
  this cover, because there is a clause of
  new-for-old, valid up to 5 years.

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Things to Consider Before Buying

• Agreed Value
• Bajaj Allianz General Insurance Co. Ltd.
  has the Agreed Value clause which is beneficial
  if you are staying in an apartment or a
  multistoried building with different owners.
  Insurance companies cover the cost of
  construction on reinstatement or market value
  basis but in case of apartments, if after total
  loss the society is unable to rebuild the
  structure, the insured will get only the
  construction cost. To cover this risk Bajaj
  Allianz has come up with the Agreed Value clause,
  where one can at the time of total loss get the
  full value, while the ownership rights will be
  transferred to the insurance company.

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Things to Consider Before Buying

• Jewellery Cover
• Chain snatching and burglary are very
  rampant in case of jewelry. One must get a cover
  for jewelry. Normally, for a sum insured up to
  Rs.10 lakh, self-declaration with the description
  of the jewelry (weight, type, price, etc.) is
  sufficient to take an insurance cover. But
  valuation certification is required if the cost
  of the jewelry is more than that. We provide
  worldwide coverage for jewelry, which means it is
  covered even when you are travelling with it.
• Other Covers
• Artwork, curios and paintings can also be
  covered by providing the respective valuation to
  the insurance company.

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Benefits of Home Insurance with Bajaj Allianz

• Easy Online Purchase
• Provides complete protection for property,
  contents, interests of the insured and their
  family members in a single policy.
• Useful add-ons to customize your policy.
• Affordable premium
• Attractive rebates

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Thank You

• Use these simple tips to buy the best home
  insurance for your needs.

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