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Long Term Home Insurance

Long Term Home

Introduction:

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

  • SBI 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
  • AOn additional payment, coverage against Terrorism can be opted

Key Features:

  • 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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