Loan & Insurance

This cover is only for damages or loss of the contents inside the home like electronic and electrical goods, furniture and fixtures, clothing, jewelry and other contents inside the home.

• Earthquake Cover
• Burglary
• The Fire and Specials Perils Cover
• Loss / damage to contents due to burglary or an attempted burglary
• Loss of jewelry, gold ornaments, silver articles and precious stones kept under lock & key.

All the contents are covered on the market value of the items. This means that if there is a loss, the claim would be paid on the value of purchasing a similar new item, minus depreciation.

• Earthquake Cover
  Covers damages to the structure of your house due to earthquake.
• Terrorism Cover
  Covers damages to the structure of your house due to acts of terrorism.
• The Fire and Special disaster cover
  This is a comprehensive packaged cover that covers damages to the structure of home due to
  
  • Fire
  • Lightning
  • Explosion & implosion
  • Damage due to impact by vehicles
  • Subsidence, landslides and rockslides
  • Bush fire
  • Storm, tempest, flood & inundation
  • Riot, strike & malicious damage
  • Aircraft damage
  • Bursting and/or overflowing of water tanks, apparatus and pipes
  • Missile testing operation

A home insurance does not cover the market value of the home. The price of the home includes the cost of the land and the cost of constructing the building structure on this land and the land cannot be insured. The insurance cover is only for the cost of constructing the building. The sum insured is calculated by multiplying your home area by the construction rate per sq. feet.