My Home Insurance All Risk Policy

Home is where your heart belongs. Your house is the centre of your world, a priceless investment and a vault for a thousand memories, all bundled into one. This makes your home an unrivalled asset. However, there could be times when your abode would be vulnerable to many a risk and contingency.

At Bajaj General, we understand the need to safeguard your home and have accordingly come up with the unique My Home Insurance All Risk Policy that is specially designed to provide formidable coverage to your house, the contents inside it and other valuables.

As your preferred home insurance solutions provider, protecting your home is our priority. And that is why; we bring you the simple yet extensive insurance cover you deserve that is also affordable at the same time.

What about renewal?

Renewing your home insurance policy is a necessity, for this simple step of yours will restore the sum insured and kickstart comprehensive coverage all over again. However, it’s good to know the little nitty gritty of it.

At Bajaj General, our renewal process is convenience redefined. However, we retain the right to refuse a renewal on grounds of moral hazard, misrepresentation or fraud.

Key Features My Home Insurance policy

My Home Insurance policy is applicable for all home owners, landlords, and tenants of a rented house with its range of features:

Contents cover

This policy covers loss/damage to your furniture and fixtures, electronic items, kitchen items, clothing and personal belongings as well as other products that you have insured.

Portable equipment cover

This policy covers any accidental loss or damage to ‘portable equipment’ anywhere in India. This cover can be extended globally by paying an additional premium.

Jewellery and valuables cover

This policy covers accidental loss or damage to ‘jewellery and valuables’ anywhere in India. This cover can be extended globally by paying an additional premium.

Curios, works of art and paintings cover

This policy covers accidental loss or damage to ‘curios, works of art and paintings’ whilst stored or lying in your building. The valuation of the items will be done by a government-approved valuer and approved by us.

Burglary cover

This policy covers your home against loss from burglary and theft.

Building Cover

Damages to your building (be it an apartment or a standalone building), contents, jewellery and valuables can be very unsettling. Besides, should you have a flair for art and painting, any loss in this regard can leave a bad taste in your mouth as well. As much as we would be sorry for your loss, we want to assure you that we have got your back so that you don’t have to bear the brunt alone.

Our building cover also covers you for emergency purchases of food, clothing, medicines and daily essentials worth up to Rs. 20,000/-.

Worldwide Cover

We will provide extensive coverage within India and try to minimize your losses to the best of our abilities. Upon payment of a nominally higher premium, we will be happy to extend you Worldwide Coverage for portable equipment, jewellery and other valuables.

Get Additional Protection for Your Home and Its Contents with Our Wide Range of Add on Covers

Your home is special and we want to add value to its protection with our various add-on covers:

Loss of rent cover

In case your rental property gets destroyed due to some peril, and your tenant vacates it for which you stop receiving the rent, we will compensate you for the amount lost till the time the property remains unfit to live in.

Temporary resettlement cover

In case your house gets destroyed due to some incident such as fire, floods, etc and you need to move to an alternate accommodation, we will indemnify you for the transport and packing costs.

Key and lock replacement cover

If your house is broken into, or the keys of your house or vehicle get stolen, we will reimburse the expenses of the locksmith.

ATM withdrawal robbery cover

In case you get robbed right after you withdraw money from the ATM, we will compensate you for the amount lost due to the robbery.

Lost wallet cover

If your wallet gets lost or stolen, we will pay you the replacement cost for it as well as the cost of application for lost papers and cards that were present in the wallet.

Dog insurance cover

If your pet dog dies due to accident and/or diseases contracted during the period of insurance, we will pay you the fixed amount for your loss.

Public liability cover

If you use or occupy a place for residential purposes, and someone gets injured or their property gets damaged, public liability cover will pay the cost that may be incurred to fix those damages.

Employee's compensation cover

In case an employee meets with an accident and gets injured during his employment period, he will be compensated for it.

Know your sum insured

Sum Insured for Building

On Agreed Value Basis
Sum Insured = Total sq. feet (as mentioned in the Sale Deed) * Price/sq. feet (for specified location)

On Reinstatement Value Basis
Area of the building (sq. feet) * Present day cost of construction in the locality * (1+Escalation % chosen)

On Indemnity Value Basis Area of the building (sq. feet) * Present day cost of construction in the locality * (1+Escalation % chosen) * (1 – Depreciation at 2.5% P.A x Age of building, with final depreciation rate not exceeding 70% in aggregate).

Sum Insured for Contents

On New for Old Basis
This represents Replacement Value of insured items by a new item of same kind and capacity (without allowance for wear and tear, and depreciation).

On Indemnity Basis
This figure is based on the Replacement Value of insured items as New (without allowance for modification, wear and tear, and depreciation).

Sum Insured for Jewellery and Valuables

For jewellery and valuables that are valued up to Rs. 2 lakh 50 thousand for Gold Plan, Rs. 5 lakh for Diamond Plan, and Rs. 10 lakh for Platinum Plan, you will have to provide a list of the items with full description and market value.

You will have to furnish a valuation report from the valuer that has been approved by Bajaj General. Sum Insured will be on two bases: Full sum insured and loss limit basis.
Loss limit options include:
1. 25% of total sum insured
2. 40% of total sum insured

Sum Insured for works of art, painting and curios

Sum insured will be on Agreed Value Basis, based on valuation report from the valuer that has been approved by Bajaj General.

What sets us apart?

Amid a range of other policies that are doing the rounds in the market, there are features to our policy that set us apart from our peers and rivals alike. After all, your need for safety (read insurance) is our command.

✓My Home Insurance All Risk Policy provides coverage to your house, and the contents inside it that you deem valuable for a period.

✓You may have a penchant for jewellery. Or maybe you are an art aficionado. Whatever the need, we have got you covered through thick and thin. With our All Risk Insurance Policy, get coverage for your jewellery, works of art, paintings, curios and other personal valuables under a single cover.

That’s because insuring them preserves your legacy for the next generation.

✓Over a period of time your home takes on a distinct identity that reflects your taste and personality. Choosing to protect one household item over the other can become a difficult proposition. That’s why we do not ask for a list of contents from you, in case the sum insured exceeds Rs. 5 lakh.

✓ Travel might suddenly feature on your priority list, be it for business or leisure. We know how unnerving it can be if you lose or end up damaging precious valuables or equipment. The agony just piles faster if the damage is caused while you are still on foreign shores. Keeping this thought in mind, we have designed our policy to provide worldwide coverage for your jewellery, valuables and portable equipment upon payment of a nominally higher premium.

So the next time you think of travel, think of Bajaj General.

✓We will restore the entire sum insured for contents in a policy year it gets exhausted because of a claim. All you need to do is let us know. We will take care of the rest.

✓Should your contents, jewellery, paintings, works of art, curios and other valuables have been insured for less than their true value on Agreed Value Basis, we will be happy to waive off the Condition of Average.

We love to go the extra mile to secure your belongings!
Our All Risk Policy is tailored to suit your needs. Exactly why you can sign up for it for anywhere between a day to 5 years.