Finance Planning Taxation Mutual Fund Life Insurance General Insurance NRI Banking Consulting Portfolio Health and Accident Insurance   Motor Insurance   Home Insurance   Travel Insurance   Corporate Agent to:          Planfinance Advisors Private Limited is a Corporate Agent of Tata AIG General Insurance Company Limited, for general insurance, and is registered with Insurance Regulatory and Development Authority (IRDA), New Delhi, under the Insurance Regulatory and Development Authority (Licensing of Insurance Agents) Regulations, 2000.                         Home   About Us   Our Membership Plan   Contact Us                  Home Insurance :       Home Insurance policy provides a cover to the structure and contents of your home from all unforeseen natural & man-made catastrophes. It provides protection for property and interests of the insured and his family members. It is imperative that you secure your home which gives one peace of mind protecting the most valued possession.       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. If the insured is the Owner-Occupant, the additional rent borne by him is arrived at after deducting the standard rent of the premises from the actual rent paid for the alternative accommodation. The standard rent shall be based on the ratable values fixed by the Municipal/Revenue authorities for tax purposes. If the insured is a tenant and is not obliged to pay rent for the premises during the period when it is not fit for occupation, the additional rent borne by him is the actual rent paid for alternative accommodation taken less the rent which he was paying for the premises immediately prior to the same being damaged or destroyed by Insured Perils and rendered unfit for occupation. 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. How to calculate the sum insured for:       Home Structure :       The policy insures the structure of your home for its reconstruction value (d 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.         Top     Name         Mobile                 © 2010-11 Planfinance Advisors Private Limited. All Rights Reserved. Website managed by Effervescent Technologies Pvt. Ltd.