SBI General Long-term Home Insurance Policy: Key Benefits

*Disclaimer:The above table is for illustration purposes only. Kindly go through the policy wordings to understand the exact coverage and its related benefits available on the official website of SBI General Insurance Company Limited.

Inclusions of SBI General Long-term Home Insurance Policy

The SBI long-term home insurance is a comprehensive policy that offers financial protection against all significant risks. However, here is a list of inclusions covered in your SBI General Long-term home insurance policy-

• Loss or damages due to fire, lightning, and aircraft damage
• Loss or damages caused by implosion/explosion
• Loss or damages caused by natural calamities like storms, hurricanes, typhoons, tempests, tornados, cyclones, floods & inundations, and bushfires
• Loss or damages caused due to malicious activities, such as strikes and riots
• Any impact damage
• Loss or damages due to subsidence & landslide, including rockslide
• Loss or damages due to bursting or overflowing of water tanks, apparatus and pipes
• Loss or damages due to missile testing operations
• Loss or damages caused by earthquakes (including fire & shock)
• Loss or damages due to automatic sprinkler installations.

*Disclaimer- Kindly refer to the policy wordings to understand policy inclusions and exclusions.

Exclusions of SBI General Long-term Home Insurance Policy

Your SBI General Long-term policy does not offer any compensation in the following cases-

• The willful act or gross negligence
• Destruction or damage caused by own fermentation, natural heating or spontaneous combustion
• Implosion or explosion damage to boilers or due to centrifugal force
• Any loss due to war or warlike situations, including nuclear perils
• Loss or cracks to unspecified precious stones, currency, cash, cheque, documents, etc.
• Any consequential losses to the insured home structure or home contents
• Loss caused to pollution or contamination
• Loss due to volcanic eruption or other nature's furry
• Loss arising due to burning of insured property by public authority
• Damages caused due to electric and mechanical breakdown.

*Disclaimer- Kindly refer to the policy wordings to understand policy inclusions and exclusions.

How to Calculate SBI Long-term Home Insurance Premium?

Usually, the premium rate is based on three factors-

• Location of the home
• Sum insured
• Policy period

The policy is offered for minimum 03 years, and the maximum duration is 30 years.

SBI General Long-term Home Insurance Claims Procedure

In case you suffer any loss or damage due to any of the insured perils, Policybazaar’s super-fast customer service will make your claim procedure accessible, more convenient, and more transparent so that you do not have to face any hassle. You can follow the below steps to raise claims under your SBI Long-term home insurance policy-

• Immediately after the emergency hits you, inform the legal authorities so that they can take steps to prevent further losses.
• In case of any malicious activities such as acts of terrorism, theft, or strikes, inform the police authorities.
• You can directly inform the Policybazaar Insurance Brokers Private Limited claim assistance team by calling 1800-258-5970 and get further assistance.

Note:Take all the necessary steps to prevent further loss, and do not sell/dispose of any damaged articles until your insurance provider gives the orders.

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FAQs about SBI General Long-term Home Insurance Policy