FAQs
What is the fair market value of property?
A fair market value is the present day replacement value less deductions towards depreciation.
Do I have to insure the total value of my home?
Plinth and foundations cannot be covered under a standard fire and special perils policy as anything under earth goes to the state.(except in case of earth quake losses when value of these items can be included)
What kind of off-premises protection does public sector general insruance companies' householder's insurance provide?
The contents of the premises removed to alternate premises on account of a fire accident is covered for a period of three months under the policy.
I work from home. Is my computer and other equipment covered by public sector general insruance companies' householder's insurance?
A separate electronic equipment policy may be purchased.
How can I get discount under package policies?
You can get discounts on your package policies by opting for more number of sections. But discount is not given in case of non-tariff covers.
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