Coverage Available Under the Policy
There are mainly ten sections which are covered under Householder insurance policy by National General-
Section I : Fire & Allied Perils= It covers fire, lightning, explosion, aircraft and other aerial devices, riot, strike, storm, cyclone, flood, etc.
a) For House Building.
b) For t household contents.
Section - II : Burglary & Housebreaking including larceny or theft (Contents only)= It indemnifies the insured in respect of loss/damage caused to the contents by burglary or housebreaking. However the damage should happen to contents which are kept in the premises.
Section - III : All Risk against valuable items.= It covers loss or damage caused to jewelry and valuables by accidental or misfortune, provided it happens in India only.
Section - IV : Plate Glass Cover ( fixed )= It covers the loss/damage caused to the fixed plate glass due to accidental breakage in the insured premises.
Section - V : Breakdown of domestic appliance= It covers damages occur to the appliances due to mechanical or electrical breakdown of domestic electrical, electronic or mechanical appliances.
Section - VI : Television Sets (All Risk ) cover= It covers loss/damage caused to the television apparatus by fire, lightning, earthquake, riot, strike, etc.
Section - VII : Pedal Cycle (All Risks) cover= The insurer indemnifies the policyholder in respect of loss/damage to the pedal cycles due to riot, fire, flood, earthquake, etc.
Section - VIII : Baggage Insurance= It insures in respect of personal baggage accompanying the insured whilst travelling.
Section - IX : Personal Accident Insurance= The insurer shall pay to the insured if he sustains bodily injury directly caused by accidental violent external and visible means, which results into death or disablement.
Section - X : Public Liability & Workman Compensation Risks= The company will indemnify the policyholder in respect of amount which the insured is legally liable to pay as a private householder.
Only Section I is mandatory. In addition to this, proposer can opt for any two more sections from the remaining sections. The proposer is entitled to get 15% discount for opting over four sections and 20% discount on premium for opting more than six sections. You can buy the policy online by using debit/credit cards or net banking.
What it Doesn’t Cover?
The company can’t be held liable in respect of the following scenarios-
- Loss or damage happens due to terrorism activities unless it is specifically mentioned.
- Loss or damage caused by wear and tear
- Loss or damage, liability or expenses directly/indirectly happens due to war, invasion, nuclear weapon material, etc.