Christened 'My home insurance all risk policy', this is an all risk policy that covers losses due to perils other than those specifically excluded. Flats and apartments can be covered on an agreed value basis in addition to reinstatement value basis or indemnity basis. The reinstatement value basis is the construction cost excluding value of the land or the apartment. Moreover, flats and independent buildings up to 30 years can be covered under this policy.
The policy offers six plans under the categories of gold, diamond and platinum. Moreover, the policy has eight add on covers like loss of rent, temporary resettlement cover, public liability, dog insurance cover, ATM withdrawal cover, lost wallet cover, key and lock replacement cover, employee's compensation cover for domestic staff. This will help the insured customize their policy.
What do you think about this policy? Please share your feedback.
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