TATA-AIG Home Insurance Policy

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TATA AIG Home Insurance provides safeguard against unforeseen eventualities and to preserve one's lifestyle and that too at an affordable price. You can protect your house for Fire, Natural Hazards (Flood, Earthquake etc) and Burglary & Theft. Home insurance policy also protects against other hazards like gas cylinder explosion, fire due to electric short circuit as well as man-made disaster like burglary.

A home insurance does not cover the market value of the home. The price of the home includes the cost of the land and the cost of constructing the building structure on this land and the land cannot be insured. The insurance cover is only for the cost of constructing the building. The sum insured is calculated by multiplying your home area by the construction rate per sq. feet.

TATA AIG Home Secure insurance policy products include :
  • Fire Cover
  • Pre-Packaged Coverages
  • Supreme Cover
  • Privilege Cover
TATA AIG Home Secure insurance policy provides coverage for:
  • Building Structure Coverage:
    • The Fire and Special Perils Cover is a comprehensive packaged cover that provides coverage for damages to the structure of home due to Fire, Storm, tempest, flood & inundation, Riot, strike & malicious damage, Lightning, Explosion & implosion, Aircraft damage, Damage due to impact by vehicles, Subsidence, landslides and rockslides, Bursting and/or overflowing of water tanks, apparatus and pipes, Missile testing operation, Leakage from automatic Sprinkler installations, and Bush fire.
    • The Earthquake Cover provides coverage for damages to the structure of your house caused due to an earthquake
    • The Terrorism Cover provides coverage for damages to the structure of your house due to acts of terrorism
  • Home Contents Coverage
    • This cover is only for damages or loss of the contents inside the home including electronic and electrical goods, furniture and fixtures, clothing, jewelry and any other contents inside the home.
    • The covers that can be taken for the contents are as follows: The fire and specials perils cover, earthquake cover, burglary, loss / damage to contents due to burglary or an attempted burglary, and loss of jewelry, gold ornaments, silver articles and precious stones kept under lock & key. All the contents are covered on the market value of the items. This means that if there is a loss, the claim would be paid on the value of purchasing a similar new item, minus depreciation.