National Home Insurance Plan 2024 Benefits, Features, Buy & Renew Details, Reviews

Why one should avail National Insurance Home Insurance Plan?

National insurance home insurance is one of the most important insurance policies you can have. Not only does it protect your property from fire and theft, but it can also provide you with financial protection in the event of a natural disaster. If you’re not sure whether or not this policy is right for you, read on to find out more about its benefits.

• Home Insurance Plans covers the loss from burglary, fire and natural calamities.
• This plan provides full guard to the property and its content.
• Under specific plans, a benefit of renting an alternate accommodation is also applicable.
• All plans come with low cost premium under the plans with rebates.
• Various plans are there to choose.
• Coverage up to 10 years for structure and 5 years for contents and 5 years for structure and content.
• Instant Online Policy.

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Here we will see an overview of National Insurance Home Insurance Plan

Are you looking to buy National Insurance Home Insurance? If so, you’re in for a treat! In this post, we’ll provide you with an overview of the National Insurance Home Insurance plan, as well as a few tips on how to buy the best policy for your needs. We’ll also go over some of the key features of this policy and detail what each one covers. Ready to buy National Insurance Home Insurance? Let’s get started!

Coverage against Fire and Special Perils A) House Building and B) Contents. Customer has to opt for 1( B) for Contents which is mandatory and any two from the below mentioned sections.

• Fire -Under this plan, loss against fire is covered excluding damage or destruction caused to the property by Natural heating, own fermentation or spontaneous combustion. Undergoing any heating or drying procedure .And Burning of the insured property by order of any Public Authority.
• Lightening:-Natural calamity of lightening is covered under the plan. Implosion/Explosion: Both explosion and implosion are covered under this plan, except damage or destruction caused to the property by
• Burglary & Housebreaking which includes larceny and theft – For Contents Only: This plan covers the loss or damage due to Burglary and /or Housebreaking which . In addition to this, loss or damaged caused due to attempted burglary and/or housebreaking is also paid for
• All Risk against valuables items only: Under this plan, the protection is for family’s Jewellery and valuables from all risks. Valuables include cameras, wrist watches and musical instruments. The policyholder will have to bear 5% of each claim amount with a minimum of Rs 25000.
• Plate lass Cover( fixed): Under this, the protection is for the fixed plate glass against accidental damage or loss. The policyholder will have to bear 5% of each claim amount with a minimum of Rs 2500.
• Breakdown of Domestic Appliances: Under this, the coverage is for the domestic appliances against mechanical and electrical breakdown. The policyholder will have to bear 1% of each claim amount with a minimum of Rs 500.
• Television Sets ( All Risk) cover;
• Pedal Cycle: The cover provides protection against legal liability arising from the damage caused to the third party.

Exclusions of the National Home Insurance Plan:

If you are living in a newly-build property, or your home has been substantially renovated, you might not be covered by the National Home Insurance Plan. The National Home Insurance Plan is a government-sponsored scheme that covers the cost of damages to your home due to natural disasters, such as floods, hurricanes, and earthquakes. However, some exclusions apply to the coverage, which is why it’s important to check with your insurer before making any major decisions. In this article, we will list all the exclusions and give you an overview of what they mean for you.

No indemnity is allowed in the following situations:

• Loss and /or damage which arises due to war whether declared or not, invasion, hostilities, act of foreign enemy , civil war, mutiny or civil commotion.
•  Loss/ damage/ destruction caused directly or indirectly to the property insured byThe plan also does not cover the loss/ damage/ destruction caused to the property of the insured due to pollution or by contamination.
• Ionizing, radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste.
• Radioactive toxic explosives.
• The plan does not cover the loss/ damage/ destruction to stock in cold storage caused due to change in temperature.
• The plan does not cover loss or damage caused to any electrical machine, apparatus, fixture or fitting arising out of overrunning, excessive pressure , self heating, short circuiting, arcing, or leakage of electricity.
• All expensed incurred for Architects, Surveyors, and Consulting Engineer’s fees and debris removal by the insured following the loss in excess of 3% and 1% of the claim amount respectively.
• The plan does not cover the loss by theft during or after the incident of any of the insured perils except as provided under riot, strike and malicious damage cover.
• The plan does not cover the loss of earnings or any other consequential or indirect loss and damage of any kind.
• Loss or damage due to earthquake, volcanic eruptions or other convulsions of nature.
• The plan does not cover the loss or damage to the property insured if removed to any building or place other than in which it is  except for machinery and equipment temporarily removed for cleaning , repair, renovation or similar other purposes for not more than 60 days.

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Claim Process under the National Home Insurance Plan:

The claim service of the company is highly efficient and of high standard. One can make 24×7 claims notification. Timely customer service and assistance along with survey and further assistance within a day. Simple claims procedure and ensuring high customer satisfaction.

• Call at the toll free no of the company and lodge the claim.
• The following details are to be furnished:
• Nature of loss.
• Location of loss.
• Amount of loss
• Policy Number.
• Insured Contact Details.
• Claim representative will contact the insured person for further process.
•  Claim representative will provide the claim reference number for future reference.
• The Surveyor will contact for suitable time for survey and will conduct the survey.

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Documents needed to register a claim under the National Home Insurance Plan

• Duly filed claim form.
• Police FIR /Charge Sheet ( notarized copy)
• List of items lost in the incident with their purchase bill or receipt.
• Occupancy Certificate( notarized copy)
• Fire Brigade Report( notarized copy)
•  Invoices if the same is available for contents.
• Original Repair Bills.

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