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ICICI Lombard's Home Insurance policy secures the structure as well as the contents of your home against natural and man-made disasters. Secure your most prized possession against terrorist activities by opting for a Terrorism Cover.
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Home Insurance and you Protect your home this monsoon
There is one place in the world that makes you feel very secured - Your home. Your home protects you from the external circumstances. Monsoon has arrived and the frequency of rainfalls is increasing. A heavy rainfall can do severe damage to your home structure and interiors. It's prudent to take special care of your home and protect it against uncontrollable weather risks. Home maintenance during monsoon can be planned in smarter way. It will not only help you maintain your home but also the contents of your home in a better way...  Begin with cleaning the house Cleaning is very important. Daily cleaning will protect your house against unnecessary moisture and dirt. Divide the house area and do one to one cleaning rather than cleaning the house at one go. Make use of high-quality equipments and solutions as per the necessity to clean, dust or polish the furniture items. Give special attention to cracked tiles and a roof with a leakage hole, particularly in this weather. Repair the damaged tiles immediately and use water-proof shields for your roof. Doors and windows of your home can be protected in the same way. Try to free the space to channelise ventilationAvoid buying any new furniture, especially wooden furniture. Keep simple, useful and functional objects. If you're planning to renovate the house, monsoon is not the best season. Postpone your renovation plans and make use of the old clothes, rugs and carpets. Do not forget to vaccume your carpets and rugs to get rid of the musty smell. This will keep your home neat and tidy by soaking the extra moisture. Pay attention to electric devicesElectric devices can create trouble in such a wet weather. Limit the use of electronic items. Keep the devices covered before and after using them. Damaged electrical appliances, cords, wires should be replaced immediately. Consult an electrician before repairing any devices on your own. It is wise to call an electrician for major repairs. Keep the electrical appliances away from children and pets.
Go for Home Insurance Buying a home insurance plan will be the best way to secure your household and your precious assets against natural calamities. A comprehensive home insurance plan will not only secure your home and home contents against weather issues but also against man-made disasters like burglary, theft, riot, terrorism, strike. We, at ICICI Lombard bring you a complete plan for your home. Our Home Insurance plan safeguards your home including your personal property, household goods and other valuables. You can purchase our home insurance policy online anytime, anywhere and print it as well. This way you can safeguard your home in the extreme weather and other conditions. |
 | Covering not just the structure but also the contents of your home. |
| Avail 15% discount on a 3 year policy and 25% discount on 5 year policy. |
| Opt for alternate covers for terrorism and additional expenses of rent for alternate accommodation. |
| Avail equal monthly installments (EMI) without any extra charges *. |
*(Conditions Apply. Providing EMI facility for ICICI Bank, Citibank, HDFC Bank (upto 6 months) other Credit Card customers at the discretion of the Banks).Note: EMI option subject to minimum annual premium of Rs. 1500. Click here to know more.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
- Riot, strike & malicious damage
- Explosion & implosion
- Earthquake
- Lightning
- Storm, cyclone, tempest, tornado, hurricane, flood & inundation
- Damage due to impact by vehicles
- Missile testing operation
- Subsidence, landslides and rockslides
- Leakage from automatic Sprinkler installations
- Aircraft damage
- Bursting and/or overflowing of water tanks, apparatus and pipes |
| Burglary and Theft cover (only for contents):
The contents of your home are also covered against loss due to burglary or an attempted burglary / housebreaking including larceny and theft. 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 Rs. 1 lakh, whichever is lower. |
| Optional covers:
Terrorism cover - Covers any damages and losses to the structure as well as the 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 Rs. 1 lakh for up to 6 months. The cover is available only if you are insuring the structure of your home. For more details, kindly refer to the Policy Wordings.How to calculate the sum insured for: Home Structure:The 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. 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 the built up area of your home is 1000 sq. feet and the construction rate is Rs. 800 per sq. feet, the sum insured for your home structure is Rs. 8,00,000. 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. If your home has a lawn / garden surrounded by a perimeter wall, the construction rate can be revised to include the cost of construction of this wall. | City Category | Construction Cost | | Large Cities like: Mumbai, Bangalore, Pune, New Delhi, Hyderabad, Gurgaon, Noida, Kolkata, Ghaziabad) | Rs. 1800 | | Mid-Sized Cities & other Cities | Rs. 1500 |
Home Contents:The content of your home is to be valued on market value basis i.e. the current market value of similar items after depreciation. NOTE - Depreciation does not apply for jewellery. | Call us on our 24*7 toll free insurance helpline number 1800 209 8888. |
| Provide relevant information, which includes your policy and other details regarding your claim. Consequently, your claim request is authenticated and is escalated to the company's claims department. |
| The company's claims department validates and registers the request. The company appoints a surveyor within 48 hours. |
| The insured submits all the relevant documents to the surveyor. The surveyor submits the Final Survey Report (FSR) along with the documents within 7 days. |
| If the surveyor is not appointed, the company's claims department sends a letter of requirement for submitting documents to the insured within 24 hours of claim intimation. |
| On receipt of documents, the claims department processes the claim within 7 days. On approval of the claim, a letter is send to the insured giving the approved amount of settlement along with the discharge voucher. |
| The payment cheque is released on receipt of the signed discharge voucher. |
Frequently Asked Questions (FAQs)Do I require Home Insurance if I live in a rented house?Yes you do. Even if you live in a rented house, it is advisable to get your belongings covered. We have an option to cover only the content which includes household appliances, jewelery, furniture and fixtures and other personal items against fire, earthquake, terrorism and burglary For insuring my belongings, do I need to submit a list and details of all the items?Insurance works on good faith. We as an insurance company trust our customers. Therefore, the specific and detailed listing of your contents is NOT always necessary when you buy Home Insurance from us. However, preserving the bills helps in faster claims settlement. In absence of bills, alternate evidence will be taken into consideration. In case of a claim, how will you assess it? | On providing the relevant information, including your policy details and claim details, your claim request is authenticated and is escalated to the company's claim department. |
| The claim department validates and registers the request. A surveyor is appointed within 48 hours. |
| The surveyor submits the Final Survey Report (FSR) along with the documents within seven days. |
| On approval of the claim, a letter is sent to you giving the approved amount of settlement along with the discharge voucher. |
| The payment cheque is released on receipt of the signed discharge voucher. |
How can I obtain a hard copy of my policy?You can select to the “Send me the Policy through courier” option while buying the policy, it will be couriered to your correspondence address, and will reach you within 15 days. View more FAQs
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