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Valuable Content Cover in Bharat Griha Raksha Policy

Valuable Content Cover is an optional or add-on cover offered by Bharat Griha Raksha Policy to provide comprehensive coverage for valuables like jewellery, precious stones, cash, antiques, etc. Learn all about Valuable Content cover in BGR policy in detail.

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What is a Valuable Content Cover in BGR Policy?

Valuable Content Cover in home insurance is an optional cover for high-value items typically kept within a home. It covers the most precious possessions of your home on an agreed-value basis under the Bharat Griha Raksha (BGR) policy. The insurer will pay the repair cost if the insured perils physically damage these items. However, the home insurance company will pay the sum insured for the item if there is a total loss.

In addition, the premium of this cover should not exceed 50% of the policy's basic amount.

What is Covered Under a Valuable Content Cover in BGR Policy?

This add-on cover protects your most treasured possession at a nominal additional premium. Here is a list of items covered under a valuable content cover:

  1. Jewellery and Precious Stones: Rings, necklaces, bracelets, and other items made of precious metals and gemstones.
  2. Antiques and Artwork: Valuable paintings, silverware, sculptures, and other collectables.

What are the Key Features of a Valuable Content Cover in BGR Policy?

Here are the salient features of Valuable Content Cover under the Bharat Griha Raksha (BGR) policy:

  1. Comprehensive Protection: The cover offers wider protection against several unforeseen risks, such as fire, lightning, natural calamities, man-made disasters, etc., mentioned in policy documents.
  2. Specified Items: The policyholders can choose the specific items by listing them according to their value to cover them financially.
  3. Agreed Value Basis: This cover typically covers the contents of your house on an agreed value basis. This means the value of the contents is agreed upon between the policyholder and the home insurance company based on a valuation certificate.
  4. Additional Premium: This coverage usually comes with paying a nominal extra premium for enhanced coverage.

What is the Importance of a Valuable Content Cover in BGR Policy?

Valuable Content Cover is crucial for homeowners who possess high-value items as it provides peace of mind knowing that their valuable assets are covered against a wide range of risks. Without it, the policyholder might face a significant financial loss in the event of damage or total loss of the specific item.

FAQs About a Valuable Content Cover in BGR Policy

Written By: PolicyBazaar - Updated: 13 June 2024
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Reviews & Ratings

4.4 / 5 (Based on 120 Reviews)
(Showing Newest 10 reviews)
Virendra
Bokaro, July 26, 2022
Coverage for natural calamity
I was looking for an insurance policy that provides me coverage for natural calamity. Since my house is located near a river and it floods my area in the rainy season. So i went on the Policybazaar website and particularly look for this coverage found the exact plan that provides this coverage.
Sunil
Bilaspur, July 26, 2022
Premium Calculation
I was looking for a home insurance policy online. I stumblled upon the Policybazaar website and it is one of the best online platforms to purchase home insurance policy. I learned about the insurance plan i wanted to purchase and after choosing the plan and add ons i could calculate the premium using their online premium calculator. Thanks Policybazaar.
Manish
Bikaner, July 26, 2022
Natural Calamity cover
I have recently purchased a flat and wanted to cover it with a home insurance policy. I was aware of the Policybazaar website so i thought i should give it a try. I went on their website and as i wanted to cover my flat with a natural calamity cover specifically i searched for it and without wasting a minute it showed me the natural calamity coverage.
Mohit
Amritsar, July 26, 2022
Enough coverage
I was looking for a home insurance plan online. I was fed up as i have to visit different websites to look for a single suitable insurance plan. However, i stumbbled upon Policybazaar website where i was able to find the right insurance plan that could provide me enough coverage.
Sahil
Bareilly, July 26, 2022
Nice customer service
I wanted to purchase a home insurance policy and a friend of mine suggested to purchase it from Policybazaar. I bought the policy and after that i had a confusion regarding exclusions so i called up Policybazaar customer care and they cleared out the confusion and i loved their customer service.
Jitendra
Ajmer, July 26, 2022
Qiuck claim
I purchased a home insurance policy recently. However, due to a natural calamity, my house was damaged as the pressure of the water because of flood broke the enterance door of my house. But the insurance plan that i bought got me covered and i as able to get the quickest claim possible.
Prashant
Delhi, July 26, 2022
Natural calamities covered
I bought a home insurance policy recently. As i live near a river and in the rainy season, my area gets flooded so in order to protect my house and its contents, i purchased the insurance to get coverage for such natual calamities and i am tension free now.
Sharad
Kolkata, July 26, 2022
Wide coverage
The home insurance plan that i purchased from policybazaar's website is a great plan that provides me coverage for not only the structure but also cover several expensive content of the home such as paintings, mobile phones, laptops, television, etc.
Ravi
Ahmedabad, July 26, 2022
Suitable insurance plan
I purchased the group health insurance policy from Policybazaar website. First of all, i did not have to wander much online while lookig for a home insurance plan that fits my requirement and i found the suitbale home insurance plan by comparing different plans on the website.
Yashashvi
Amritsar, June 09, 2022
Natural calamities covered
I bought a home insurance policy recently. As i live near a river and in the rainy season, my area gets flooded so in order to protect my house and its contents, i purchased the insurance to get coverage for such natual calamities and i am tension-free now.
  • Disclaimers+

    #Savings of 28% are based on the comparison between the highest and lowest premiums for a pucca building with sum insured of >₹ 1 crore at Delhi, for property age less than 5 years and policy term of 11 years.

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