TATA AIG Home Insurance

TATA AIG Home Insurance - Coverages

Fire & related danger

• Fire
• Lightning
• Explosion / Implosion
• Aircraft Damage
• Riot, Strike and damage due to mal-intention
• Damage due to impact by any vehicle or animal by direct contact
• Subsidence and landslide
• Bursting and / or overflowing of Water Tanks, Apparatus and Pipes
• Missile testing operation
• Leakage from automatic Sprinkler installations
• Bush fire
• Flood, Storm, Inundation
• Earthquake & Terrorism (as an add-on cover by paying extra premium)
• Rent for alternate accommodation
• Can be opted only if Fire and allied perils cover for building is taken)
• Provides a shelter in case of damage to the house due to Fire / other related risks
• The house post damage must be rendered as completely inhabitable
• A maximum sum of Rs. 30,000 for upto 3 months

Burglary & Theft

• Damage caused by burglary / theft and / or attempted burglary / theft covered while occupied or unoccupied (up-to 60 days)
  
  

  Home	Contents
  Damage to home in case of attempted burglary10% of sum insured or Rs. 5,000 whichever is less	Placed in safe custody during temporary absence from insured premises10% of sum insured or Rs. 10,000 whichever is less Temporarily removed to residence different from insured one Covers jewellery up to the amount in the application form Max. liability for single item restricted to Rs. 25,000

Purchase Protection

• Is extended for Fire & allied perils and burglary & theft
• Protects items purchased post buying the insurance policy
• Is restricted to a max. of 30 days from the day of purchase

Audio & Audio Visual

• All Audio & Audio Visual Appliances less than 8 years old is covered
• Protection against
  • Damages due to fire, burglary & theft
  • Accidents
  • Mechanical or electrical breakdown
  • Legal liability towards third parties due to accident happening through or in connection with the appliance (max. upto Rs. 25,000)
  • Own property damage on account of breakage / collapse of antenna of the appliance (max. upto Rs. 3,000)

Breakdown & Baggage Loss

• All appliances less than 8 years old is covered
• Protection against unforeseen electrical / mechanical breakdown of domestic appliances at the insured premises
• Provides coverage to baggage / luggage during travel
• Protects baggage against theft and damage / destruction due to an accident
• Valid during travel outside municipal limit of town / city
• Cover valid anywhere in India

Personal Accident

• Death
• Permanent Total Disability
• Permanent Partial Disability

• Cost of transportation of mortal remains
• Medical expenses for hospital treatment

• Increase of 5% p.a. in case of claim free years
• Max. bonus 50%

• Covers the entire family in the age group of 12 – 70 years
• Insured – 50%
• Spouse – 25%
• Children – remaining SI is equally split among the children

Public Liability

• Covers legal liability of the insured when the accidents have occurred in the insured’s property
• Protection against
  • Death / injury to third parties
  • Property damage to third parties

TATA AIG Home Insurance - Exclusions

Audio & AV Appliances

• Burglary/Theft of external antenna
• Loss caused due to/in course of repair, cleaning or maintenance
• Manufacturer’s liability
• Voluntarily assumed liability,
• Records, discs, cassettes or tapes, Audio/Video heads, optical sensors
• Loss on account of wear and tear
• Misuse of appliance
• First 1% of Benefit Sum Insured (subject to min Rs.250/-) for each and every claim

Breakdown

• Manufacturers liability
• Transportation costs associated with repairs
• Breakdown due to wear and tear, atmospheric condition, insects etc.
• Appliances modified in any manner
• Accidental damage to appliance
• Misuse of appliance
• First 1% of Benefit Sum Insured (subject to min Rs. 250/-) for each and every claim

Burglary & Theft

• First Rs.250/- from each and every claim
• Loss when your home is unoccupied for a period more than 30 days
• Loss of money, valuables, credit cards, motor vehicles etc
• Property purchased subsequent to inception of the policy

Personal Accident

• use of drugs or alcohol
• suicide / attempted suicide or self injury
• dangerous activities
• aircraft travel (excluding one as fare paying passenger)
• Illegal acts
• Insanity and pregnancy
• STD and Pre-existing diseases

Baggage Loss

• Cracking, scratching, breakage of items of brittle nature unless mode of transport is accidental
• Perishables/consumables
• Items being sent under freight contract Loose items (clothing etc), Money, jewellery, valuables etc.
• Loss to electrical items due to misuse, short circuit etc.
• Baggage unattended by Insured/family
• Loss due to rats, insects, leakage/spillage of liquids etc.
• Loss from car unless lost from enclosed and secured car
• More than the sole value of an item forming part of a set or pair
• First Rs.250/- of each and every claim

Public Liability