What You Need To Know About Standard Fire and Special Perils Insurance

1
What You Need To Know About Standard Fire and
Special Perils Insurance
2

• Standard Fire and Special Peril insurance policy
  provides coverage to your house and other types
  of property against unseen events such as fire,
  explosion, lightning, etc.

3
Detailed Coverage

• Provides coverage to the building and it's
  content
• Fire, Lightning, Explosion/implosion
• Aircraft damages
• Riot, strike and terrorist damages
• Flood, storm, cyclone, hurricane, tornado
• Earthquake, landslide
• Damage caused by rail, motor vehicle and animal

Please note these are illustrative inclusions.
Please read the policy brocher carefully if you
are going to buy a policy.
4
What Is The Sum Insured Of The House?

• It depends upon the reinstatement or
  reconstruction value of the house.

5
How Reconstruction Value of the House Is
Calculated?

• It is determined by the construction cost of the
  house or building.

• Parameters to decide the construction cost
• Built area of the property
• Construction cost of the house in your locality.

6
Exclusion

• Willfull damages caused to the property
• Loss or damages caused by depriciation due to
  normal wear and tear
• It doesn't provide coverage in case of attack by
  foriegn army, civil war, loot, rebellion,
  revolution, etc.

Reference HDFC ERGO General Insurance
Please note these are illustrative exclusions.
Please read the policy brocher carefully if you
are going to buy a policy.
7
(No Transcript)