ICICI Lombard's Home Insurance policy secures the structure and/or contents of your home against natural and man-made disasters.
Policy Details

Key Benefits

* Comprehensive insurance, which covers both structure and / or contents
of your home
* Coverage up to 5 years for structure and contents
* Cover against Fire and allied perils, Burglary & Theft and Optional cover for
Terrorism and Additional expenses of rent for alternative accommodation.
* Buy Online through ICICI Bank, HDFC Bank and Citibank Credit card and pay in
instalments without any extra charges.*
* EMI facility available only for ICICI Bank, Citibank, HDFC Bank (upto 6 months) credit card customers at the sole discretion of the Banks.

Note: EMI option subject to minimum annual premium of INR10,000.

What is covered

You can choose to buy insurance for only the building (structure) of your home, or only the contents (belongings) or both.

The policy covers the losses to the structure and contents of your home due to any natural and man-made calamities.

The calamities covered are:

# Fire
# Lightning
# Impact Damage
# Aircraft damage
# Explosion / implosion
# Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
# Riot, Strike, Malicious and Terrorism Damage
# Subsidence and Landslide including Rockslide
# Bursting and/or overflowing of water tanks, apparatus and pipes
# Missile testing operations
# Leakage from automatic sprinkler installations
# Bush Fire
# Earthquake

Burglary cover and theft cover (only for contents): The contents of your home are also covered against loss due to burglary or theft or an attempted burglary. It also covers loss of jewellery, silver articles and precious stones kept under lock and key, up to 25% of the total content sum insured or INR 1 Lakh, whichever is lower.

Optional covers:

Terrorism Cover: Covers any damages and losses to the structure and / or contents of your home due to acts of terrorism.

Additional expenses of rent for alternative accommodation: If you are forced to shift into an alternative accommodation because your home is destroyed or damaged by any insured peril, the policy will cover you against the additional rent.

The maximum coverage is up to INR 1 Lakh for up to 6 months. This cover is available only if you are insuring the structure of your home.

What is not covered

* Willful destruction of property.
* Loss, damage and destruction caused by war, wear and tear etc.
* Losses if your home has been unoccupied for more than 30 days,without prior notice to the company.
* Cash, bullion, painting, works of art and antiques.

For more details, kindly refer to the Policy Wordings.

How to calculate the Sum Insured

Home Structure:

The home insurance policy insures the structure of your home for its reconstruction value (and not for market value). Reconstruction value is defined as the cost incurred to reconstruct the home if it is damaged. On the other hand market value is a combination of cost of land, demand & supply scenario, etc.

Sum insured is calculated by multiplying the built up area of your home with the construction rate per sq. feet, e.g. if your built up area of your home is 1000 sq. feet and the construction rate is INR 800 per sq. feet, the sum insured for your home structure is INR 8 Lakh.

We recommend the rate of construction for your location when you are buying online. However, this value can be revised appropriately if expensive material - like marble flooring, etc. – has been used in construction.If your home has lawn / garden surrounded by a perimeter wall, the construction rate can be revised to include the cost of construction of this wall in home structure sum insured.

Home Contents:
The contents of your home - furniture, durables, clothes, utensils, jewellery, etc. - are to be valued on market value basis i.e. the current market value of similar items after depreciation.

Home Insurance and You

Safeguard your Home against Burglary

Your home is definitely one of your most prized possession. It is the place you belong... a place you come back to... a place where you live happily with your loved ones. The most common incident that threatens your home's security is Burglary. There is no fool proof method to prevent it completely, but you can definitely take some steps to avoid it considerably.

keywords:ICICI Lombard's Home Insurance policy,furniture, durables, clothes, utensils, jewellery,reconstruction value,Aircraft damage,Impact Damage,perimeter wall,Covers any damages, sum insured or INR 1 Lakh,Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation,Riot, Strike, Malicious and Terrorism Damage,Cash, bullion, painting, works of art and antiques,ICICI Bank, Citibank, HDFC Bank