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HDFC GI my asset Premium Home Insurance offers absolute and complete protection to your home and everything you consider valuable. It gives you a total of 28 different covers to protect your home and belongings. Of these, Section I B (Fire and Allied perils) and Section II (Burglary and/or House breaking) for contents are compulsory covers.
It allows you to choose your own Sum Insured and build your own policy by opting for any of the 26 optional covers. The options available allow you to insure your lifestyle and everything you value from your golf kit to your pet dog to your second home..
Section I: Fire & Allied Perils
This cover provides protection to your its contents against perils like fire, lightning, explosion/implosion, aircraft damage, RSMD, storm, cyclone, impact damage, subsidence, landslide, bursting or overflowing of water, missile testing operations, bush fire and leakage from sprinkler and earthquake.
We also cover loss, destruction or damage to bullion or unset precious stones, any curios or works of art and such things as stated in the policy up to an amount of INR 10,000/-
This makes sure you do not have to bear the financial brunt of losing prized possessions and valuables.
Please note that up to 3% and 1% of the admissible claim amount in the event of a loss will be paid for expenses related to architecture fees and debris removal, respectively.
Section II: Burglary and/or House Breaking for Contents
This cover provides protection to contents against loss due to burglary and/or house breaking. Further, damage to the house due to attempted burglary and/or house breaking is also compensated for, up to INR 10,000.
1% of each claim amount with a minimum of INR 2.500 will be borne by you.
Section III: Electronic Equipments (All Risk)
This cover provides protection to electronic equipment like Computers, Laptops, Tablets and Audio/Visual equipment against all risks.
5% of each claim amount with a minimum of INR 2.500 will be borne by you.
Section IV: Protection to Domestic Appliances
This cover provides protection to domestic appliances against electrical and mechanical breakdowns. The claim amount includes cost of transportation for repair.
1% of each claim amount with a minimum of INR 500 will be borne by you.
Section V: Plate Glass Protection
This cover provides protection to securely fixed plate glass situated in your home against accidental loss or damage
5% of each claim amount with a minimum of INR 2.500 will be borne by you.
Section VI: Jewellery and Valuables (All Risk)
This cover provides protection to your family’s jewellery and valuables, both at home and away against all risk Valuables include expensive wrist watches, cameras, and musical instruments .
5% of each claim amount with a minimum of INR 25,000 will be borne by you.
Section VII: Baggage Protection
This covers provides protection to your luggage, personal effects and personal papers as accompanied baggage beyond municipal limits of your residence against the loss, theft or accidental damage.
INR 1,000 of each and every claim will be borne by you.
Section VIII: Public Liability
This covers provides protection to you against legal liability arising from death or bodily or property damage to third party caused by an incidence/accident at your home. For e.g.: If a fire in your house causes injury to your neighbour then we shall cover the costs for the injury.
INR 10,000 for each and every third party property damage claim will be borne by you.
Section IX: Liability to Domestic Staff
This cover provides protection to you against legal liability arising from death or bodily injury to domestic staff whilst on duty at your home under provisions of Employees Compensation (W.C.), 1923.
Section X: Purchase Protection
This cover provides protection to new contents acquired during the policy period against the insured peril/event as covered under compulsory sections; hence you can be worry-free against risks to the new contents of your house even though they were not declared at the time of taking the policy.
1% of each claim amount with a minimum of INR 1.000 will be borne by you
Section XI: Wallet Protection
This cover provides protection to your wallet/ladies handbag and its contents against physical accidental loss. The compensation would be limited to the following:
- Replacement costs for wallet and important papers* kept in the wallet.
- Charges for unauthorised use of the lost or stolen credit cards that were kept in wallet.
- Actual loss of money in Indian currency kept in the wallet.
- Emergency first-aid charges for bodily injury sustained during the robbery and holdup that occurred following withdrawal of cash from ATM.
- The cost of travel back to the residence mentioned in the policy schedule for loss of ticket.
1% of each claim amount with a minimum of INR 500 will be borne by you.
*Important papers include driving license, pan card, UID, passport and other documents as defined under policy.
Section XII: Wedding & other Ceremonial Benefit
This cover provides protection to your assets and financial loss against accidental damage/postponement of event/legal liability. The compensation would be limited to the following: Loss or damage to wedding gifts due to accident, fire or theft.
- Cost involved for cancellation and rearranging of wedding/wedding reception due to death, accidental injury or illness of the couple or Insured’s blood relatives *.
- Cost involved for replacement of bridal/groom ceremonial attire, including jewellery, which are lost or damaged due to accident, fire or theft.
- Legal liability to third parties or third party properties arising out of accidental injury or damage in relation to arrangement being made for ceremony.
1% of each claim amount with a minimum of INR 2,500 will be borne by you
* Blood Relatives - a person related to another by birth or origin, especially on sharing an ancestor with another, as distinct from one related by marriage.
Section XIII: Golf Plan
This cover provides protection to your golfing activities as well as your entire golf equipments against accident or misfortune. The compensation would be limited to the following:
- Golf items lost, stolen or damaged due to accident or misfortune.
- Legal Liability to third parties for bodily injury and/or accidental damage to third party property arising out of use of golf equipments
- Amount involved for customary round of drinks/party, purchased/thrown by you for achieving a Hole-in-One.
- Golf tournament entry fee, when cancellation is due to an unexpected, unforeseen sickness or accidental injury to you
- Annual club membership fees, when you are totally disabled as a result of accident or illness.
1% of each claim amount with a minimum of INR 2,500 will be borne by you.
Section XIV: Marine Transit
This cover provides protection to you against legal liability arising from death or bodily injury to domestic staff whilst on duty at your home under provisions of Employees Compensation (W.C.), 1923.
Section IX: Liability to Domestic Staff
This cover provides protection to household goods whilst shifting within the same city and urban conglomeration against loss of/accident to goods carrying vehicles.
1% of each claim amount with a minimum of INR 1,000 will be borne by you.
Section XV: Temporary Re-settlement Expenses
This cover provides reimbursement of costs incurred towards packing, unpacking, loading, unloading or handling charges, and transportation for relocating your contents to alternative accommodation due to operation of an insured peril under Section I and II.
Section XVI: Contents Temporarily Removed
This cover provides protection to your contents against perils covered under Section I & II in new location which is necessitated as a result of loss at home covered under policy. The cover is limited to following
- Maximum period up to 120 days throughout India.
- Maximum of one-tenth of Sum Insured under contents. For e.g.: If the Sum Insured is Rs. 1 lac then the liability will be up to Rs. 10,000.
Section XVII: Liability of Tenants to Landlord
This cover provides protection to you against legal liability arising from damage to Landlord’s property and permanent fixtures in the home occupied by you as tenant. This liability would be admissible if you and Landlord have an agreement specifying that you will be held liable for any such damage.
Section XVIII: Rent for an Alternative Accommodation
This cover provides reimbursement of rent for alternative accommodation arising from damage to your house against perils covered under Section I
Section XIX: Pet Dog
This cover provides protection to your dog against death and/or disease and financial loss to you against legal liability arising out of dog bite. The compensation would be limited to the following
- Sum insured in case of Death of Dog to due to accident and/or disease
- Veterinarian Expenses for injury up to INR 5,000 to the pet dog due to accident and/or disease.
- Loss of entry fees for pet dog show subject to maximum of INR 2,000 for incapability to attend the dog show due to death, disease or injury.
- Liability that you may incur due to dog bite to persons other than you, your family and your domestic help, up to INR 50,000.
Section XX: Pedal Cycle and Tricycle
This cover provides protection to your pedal cycle and tricycle against theft or physical damage due to an accident financial loss to you against legal liability due to death/bodily injury or property damage of third part arising out of use of pedal cycle/tricycle
1% of each claim amount with a minimum of INR 500 will be borne by you.
Section XXI: Lock and Key Replacement
This cover provides reimbursement of lock system against damage caused by external violent and visible force.
1% of each claim amount with a minimum of INR 500 will be borne by you.
Section XXII: Property of Self Employed
This cover provides protection to your contents exclusively used at your home for discharge of your professional/business purpose against perils covered under Section I & II.
Section XXIII: Holiday and Second Home
This cover provides protection to your second home and its contents against perils covered under Section I & II
Section XXIV: Search and Found
This cover provides reimbursement of the cost incurred for locating and repairing the source of water damage caused by perils covered under Section I.
Section XXV: Accidental Damage to Underground Pipes/Cables/Services
This cover provides protection to underground pipes, cables and services located in your premises against accidental damage, for which repairs have to be statutorily carried out.
Section XXVI: Safety for Documents
This cover provides reimbursement for replacement of your against accidental loss or damage.
Section XXVII: Trees and Plants
This cover provides protection to t trees and plants damaged due to I perils covered under Section I & II.
1% of each claim amount with a minimum of INR 500 will be borne by you.
The policy does not cover loss or damage due to
