Cholamandalam Home Insurance

It is essential to protect our homes from potential perils and unforeseen dangers such as theft, burglary, storms, earthquakes, fire, etc. You can get comprehensive protection for your home with the help of a home insurance policy.

Your peace of mind is assured with Cholamandalam, one of the leading general insurance company in the country, which offers two comprehensive home insurance policies, namely, Cholamandalam Home Insurance and Cholamandalam Home Protect.

Cholamandalam Home Insurance Policy

The Cholamandalam Home Insurance policy offers cover not only to the structure of your house but also for the contents of your home from potential risks such as theft, burglary,  man-made and natural calamities, etc. that can cause loss/damage of durables such as furniture, electronics, fittings, jewelry, etc. Additionally, this policy also offers Personal Accident Cover if the insured bears any body injury which results in permanent total disablement or death.

Home Protect Insurance Policy

The other policy provided by Cholamandalam is the Home Protect, which features three-fold protection. This policy guards your home and its contents but also your family members against any unforeseen events. As one of the most conservative home insurance policies available in India, Cholamandalam offers you and your home with excellent protection.

Different types of Cholamandalam Home Insurance Policies are described below:

Home Insurance

Features & Benefits

• This policy protects three external structures of your house along with the contents of your home.

• It protects valuable items like jewelry, electronic appliances and essential documents.

• You can take this policy if you stay in your own house or stay in an independent home as a tenant

• You can also apply for the policy online

• This policy covers you against fire, burglary and other acts of terrorism

What is Covered under this policy?

• Fire, aircraft damage, lightning, implosion/explosion.

• Damage/Loss due to terrorist damages, strike, riot.

• Landslides

• Natural calamities

• Bushfire.

• Damage/Loss due to Missile testing operations.

• Damage/Loss due to leakage from automatic sprinkler installations.

• Damage/Loss due to collision by a vehicle/train

• Overflowing/bursting of a tank, water pipe or apparatus.

• Housebreaking & Burglary

This policy protects the contents of your house against any damages due to burglary or theft. Jewelry stored in a safe will be covered under this policy as well.

Exclusions

Some exclusions of this policy are listed below:

• Damage/Loss resulting from foreign invasion, war, foreign invasion

• Damage/loss caused due to depreciation.

• Damage/Loss caused directly or indirectly as a result of nuclear weaponry, ionizing radiations, contamination due to radioactivity from nuclear waste etc

• Damage/Loss due to contamination or pollution.

Home Protect

Features & Benefits

• This policy offers comprehensive coverage to the structure of your home, the valuable contents of your house and your spouse and two dependents.

• Buying this policy is straightforward. Extensive documentation isn't required.

• The claims Procedure is simple

What Is Covered?

• Fire, aircraft damage, lightning, implosion/explosion.

• Damage/Loss due to terrorist damages, strike, riot.

• Landslides

• Natural calamities

• Bushfire.

• Damage/Loss due to Missile testing operations.

• Damage/Loss due to leakage from automatic sprinkler installations.

• Damage/Loss due to collision by a vehicle/train

• Overflowing/bursting of a tank, water pipe or apparatus.

• Housebreaking & Burglary

Exclusions

• Damage linked to explosives

• Documents such as business related books, system records, cheques, stamps, manuscripts etc

• Bullions, Artwork

• Loss of consumable items.

• Loss/Damage to livestock or personally owned vehicles

• Damages caused due to depreciation

• Damages caused due to the negligence of the insured

Policy Add-Ons

Content Cover

• Domestic Electrical Appliances

TV, refrigerators, washing machines, microwaves, AC etc. are covered under electrical breakdown add-on cover.

• Additional rent for a different accommodation

• Purchase Protection Cover

If the insured individual buys a new appliance, they can get it insured under the same policy

• Baggage

Loss of baggage while traveling within India will be compensated as the market value of the lost items

• Jewelry and valuables

• Crockeries such as plates and glass

Cover for People

• Family Floater Accident Hospitalization Cover

• For covering medical expenses of an immediate family member (spouse and dependent children) who have suffered injuries due to an accident.

Employee Compensation

Legal liability stemming from injury/illness caused to an employee in the office premises

Public Liability

To cover legal liability arising from injury/death or damages to any third person inside the insured building structure.

Personal Accident Cover

This add-on provides a fixed amount to an immediate family member of the insurer if the accident has resulted in permanent damage to the insured person

Chola Ms Home Insurance FAQs

Does the Cholamandalam Home Insurance policy cover the contents of the house along with the structure?

Yes, the policy also covers the contents of your house such as electrical appliances, jewelry and valuable documents.

What added protection does the Home Insurance Policy provide?

Addition to protecting the structure and contents of your house, the insurance policy also offers personal accident cover and cover against holiday cancellation

I stay in a rented house. Am I eligible for a Cholamandalam Home Insurance policy?

Yes, you can get a home insurance policy even in rented accommodation.

What is unique about the Cholamandalam Home Protect policy?

This policy offers unique three-fold protection, which includes providing coverage for your house, its contents and the dependents living in your house.

What does the Personal Accident Add-on cover?

This add-on provides a fixed amount to an immediate family member of the insurer if the accident has resulted in permanent damage to the insured person

What is Purchase Protection Cover?

This Add-on cover can be exercised with the Home Content policy and it automatically covers the appliances which were bought within 30 days of the purchase of the policy.