India's 1st IRDAI Approved Insurance Web Aggregator

HDFC ERGO My Asset Super Home Insurance

  •  views
  •  views

 

HDFC ERGO my asset Super Home Insurance

 

HDFC ERGO my asset Super Home Insurance gives you the convenience of buying policy online or over the phone without any documentation hassles. It has a choice of 20 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. In addition to these two compulsory covers, there are 18 Optional covers that include Electronic Equipments( All Risk) , Protection to Domestic Appliances, Baggage Protection, Purchase Protection, Public Liability, Jewellery and Valuables , Wallet Cover, Plate glass and host of other covers to give your home a more holistic Protection.

 

Key Features of HDFC ERGO my asset Super Home Insurance

 

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.

 

Optional Features of HDFC ERGO my asset Super Home Insurance

 

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 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.

 

Exclusions - What is not covered in HDFC ERGO my asset Super Home Insurance?

 The policy does not cover loss or damage due to

  • War, invasion, act of foreign enemy,
  • Ionizing radiations or contamination by radioactivity
  • Any consequential loss or damage, of any kind or description
  • Depreciation or wear and tear
  • Wilful act of the Insured, his/her family, domestic Staff

 

Leave a Comment

Home Insurance Calculator