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Long Term Home Insurance
Protect it with SBI General's Long Term Home Insurance Policy.
You spend your lifetime in dreaming about a home of your own. You take the help
of financial institutions to fulfil your dream. Along with the pleasure of fulfilling
your dream come the liability and the responsibility of paying for the same over
the next few years. At SBI General, we make things easy for you to protect your
dream home. With SBI General's Long Term Home Insurance Policy, you can truly enjoy
the home you have just acquired
KeyBenefits
- You can buy the Policy upto a period of 30years
- In-built coverage for earthquake
ProductFeatures
- TSBI General's Long Term Home Insurance Policy provides a comprehensive solution
for protecting your Home against any unpleasant surprises that life may throw at
you.
- It covers you against, the losses to the structure of the house due to any natural
and man-made calamities
- On additional payment, coverage against Terrorism can be opted
Coverage
- SBI General's Long term Home Insurance Policy is designed for covering loss
or damage caused to the building used as residential homes due to fire and special
perils. Covers destruction of or loss/ damage to the insured property by any of
the following perils :
- Fire
- Lightning
- Explosion / Implosion (excluding boilers , economizers, pressure vessels)
- Aircraft Damage
- Riot, Strike and Malicious Damage
- Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
- Impact Damage
- Subsidence and Landslide including Rockslide
- Bursting and/ or Overflowing of water tanks, apparatus and pipes
- Missile Testing Operations
- Leakage from Automatic Sprinkler Installations
- Bush Fire
- Earthquake (Fire and Shock)
- Further, on payment of additional premium, Terrorism Cover can be opted.
- Disclaimer: The above information is only indicative in nature. For details of the
complete coverage please contact our nearest office and refer to the policy document.
- Duration - The recommended Plan option is a minimum of 3 years as it will optimally
protect your dream home against any eventualities. The maximum duration one can
take is 30 years.
- The rate of premium shall depend upon the Location and Period of Insurance Policy.
Exclusions
- We would like you to be familiar with some of the major exclusions under the Policy.
This will ensure you are not put to any kind of inconvenience while making your
claim. At SBI General, we endeavour to make our Policy as transparent as possible
- Major exclusions under the Policy are in respect of loss or damage due to:
- Willful acts or gross negligence
- Destruction/Damage by own fermentation, natural heating or spontaneous combustion
- Explosion/Implosion damage to boilers, damage caused by centrifugal forces
- Forest fire
- War and nuclear group of perils
- Unspecified precious stones, cheques, currency, documents, etc. unless specifically
declared
- Consequential losses
- Theft during/after operation of peril
- Pollution and contamination
- Volcanic eruption or other convulsions of nature
- Burning of Property by Public Authority
- Electrical and Mechanical Breakdown
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