Insurance Covers for a Building Structure are:

1. The Fire and Special Perils Cover

This is a comprehensive packaged cover that covers damages to the structure of home due to

Fire

Storm, tempest, flood & inundation

Riot, strike & malicious damage

Lightning

Explosion & implosion

Aircraft damage

Damage due to impact by vehicles

Subsidence, landslides and rockslides

Bursting and/or overflowing of water tanks, apparatus and pipes

Missile testing operation

Leakage from automatic Sprinkler installations

Bush fire

2. Earthquake Cover: Covers damages to the structure of your house due to earthquake

3. Terrorism Cover: Covers damages to the structure of your house due to acts of terrorism

A home insurance does not cover the market value of the home. The price of the home includes the cost of the land and the cost of constructing the building structure on this land and the land cannot be insured. The insurance cover is only for the cost of constructing the building. The sum insured is calculated by multiplying your home area by the construction rate per sq. feet.

Insurance Cover for Contents Inside the Home:

This cover is only for damages or loss of the contents inside the home -electronic and electrical goods, furniture and fixtures, clothing, jewelry and any other contents inside the home.

The covers that can be taken for the contents are as follows:

The Fire and Specials Perils Cover

Earthquake Cover

Burglary

Loss / damage to contents due to burglary or an attempted burglary

Loss of jewelry, gold ornaments, silver articles and precious stones kept under lock & key