InvestorQ : What are the perils that are not covered under home insurance policy?
Ishita Jain made post

What are the perils that are not covered under home insurance policy?

Answer
image
Nitin Shah answered.
3 years ago
Follow

You have asked a good question.

Home insurance policy doesn’t offer coverage to kutcha construction and under-construction buildings. Some of the other exclusions of the policy are-

- Loss/damage caused by war or terrorism activity

- Loss/damage caused by radioactive contamination

- Loss caused by pollution/contamination

- Destruction caused by wear and tear of the house

- Any loss/damage caused in residence-cum-shop

- Any loss/damage caused in residence-cum-office premises

- Loss of cash, cards or other documents

- Painting, antiques

- Loss or damage caused when the house remains unoccupied for a long tenure, usually a month.

Please note, the inclusions and exclusions of your insurance policy are stated in your policy document, so ensure you know it well so that you do not get any unpleasant surprises when claiming any damage.

1 Views