Royal Sundaram Home Insurance

For salaried people owning a home is a matter of pride. Since building a home requires high financial as well as emotional involvement, it is essential to protect it from all possible dangers. Damages to your home due to human-made and natural causes can not only affect you financially but also rob you of your mental peace. Considering the possible dangers that buildings are exposed to, you can live peacefully by buying comprehensive home insurance which protects your house against all types of dangers.

Royal Sundaram, one of the leading general insurance providers in the country, offers two comprehensive home insurance policies which have been designed not only to shield your house but also protect the contents of your house in case the unforeseen does take place.

Types of Royal Sundaram Home Insurance Policies

Royal Sundaram provides two well-structured home insurance policies that can help in protecting the structure and content of the house. Read on to find out the best-suited home insurance policy for your home.

Home Shield Insurance

Features & Benefits

• This is an affordable policy that provides comprehensive coverage to the structure which is being used for residential purposes.

• The policy covers the reconstruction costs, fees charged by architects, surveyor, engineers etc. The cost of removal of debris is also included in this calculation

• You don't need to provide any documentation to avail this policy. Also, you can avail this policy online in less than 5 minutes

• You can also avail long-term policy for a tenure of 20 years.

• You can save up to 50% on the premium amount if the tenure is more than 10 years

• The policy commences as soon as the first premium has been paid

• You can renew the policy anytime and anywhere with InstaRenew

• If you have any queries, you can contact the customer care services through the toll-free number

What Is Covered?

This policy can offer coverage for:

• Reconstruction cost

• Profession fees ( amount paid to the engineers, architect etc)

• Cost of removal of debris

This policy also offers add-on coverage against:

• Natural Calamities such as earthquake, lightning, bushfire, storm, cyclone etc

• Human-made damages such as implosion, explosion, aircraft damage, leakage from the sprinkler, missile testing operations, bursting of water pipes or water tank

• Damages caused due to Rockslide or Landslide

• Damages due to violent acts such as riots and strikes

• Damage caused to the structure due to impact by road/rail vehicle or animals.

Exclusions to the Policy

• Any form of Kutcha construction.

• Loss/Damage caused due to war or war-related operations

• Loss due to radioactive contamination

• Damages due to act of terrorism

• Loss due to contamination/pollution.

• Damages incurred due to depreciation

Home Content Insurance

Features and Benefits

• Offers coverage to the contents of your house such as household articles and electrical appliances

• Provides cover for jewelry owned by the family members

• Provides coverage to the home appliances for an amount up to 3 lakhs

• Offers coverage against theft, burglary etc

• Policy doesn't require any documentation

• With the InstaRenew facility, you can renew your policy anytime and anywhere

• You can avail long-term coverage for up to 20 years

• If you opt for a policy term of 10 years or above, you can avail a discount of 50%.

• As soon as the premium amount is received, the policy commences

• You can instantly get in contact with customer care if you have any queries.

What is Covered?

This policy provides coverage for:

• Jewelry owned by you and your family members

• Electrical appliances and machinery

• Loss due to natural causes such as earthquake, flood, cyclone, landslide, rockslide

• Damages caused due to fire, theft or burglary

• Damages caused due to wars, terrorist acts and different forms of riots and strikes

Exclusions to the Policy

Following aren't covered under the Home Content Policy:

• Loss/Damages due to radioactive contamination

• Loss/Damage due to depreciation to the building

• Damages caused due to pollution/contamination

• Damages due to Forest fire

• Damages caused due to the dismantling of the appliances

Royal Sundaram Home Insurance Policy Claims Process

Royal Sundaram proudly offers an ISO certified Claims Process to its customers which makes the procedure of filing the claim easy. If you want to file for a claim on your Home Insurance policy with Royal Sundaram, you can do so by following the steps described below:

• You can place a request for claim through email or phone.

• You can also file a claim by downloading the claim form from the official website of Royal Sundaram

• After you have filed the claim, the claim team of the company will contact you to acquaint you with the procedure of claim settlement

• You must keep your policy number handy while filing for a claim settlement for the company's reference

• The claim is mailed to you within two working days

Royal Sundaram Home Insurance FAQs

Is the land cost also a part of the Home Shield Policy?

No, the land cost isn't covered under the damages covered under the Home Shield Policy

Is there any hidden cost applicable to the reimbursement of professional fee and cost of removal of debris under the Home shield policy?

Yes, under the home shield policy the profession fee reimbursed should be 3% of the total claim amount and the cost of debris removal should be 1% of the claim amount.

My house has suffered partial damages. Can I still file a home insurance claim?

Yes, you can file a claim for partial damages as well.

Are the compound/boundary walls covered under the Home Shield policy?

Yes. The boundary of your building is covered under the home shield policy. However, if the boundary wall is kutcha structure, it won't be covered under this policy.

Is it possible to increase the sum insured of the amount of the policy?

Yes, you can increase the amount of sum insured by paying the insured premium for the duration of the policy.

Can I avail insurance if I live in rented accommodation?

Yes, you can avail home insurance even if you stay in rented accommodation. You can avail insurance for the contents of the building.