Home Insurance

What does insurance not cover?

Your policy may not cover liabilities in certain situations. These are known as exclusions.

Let’s have a look at a few of them.

Home– Wilful destruction of the property
– Damages caused due to wear and tear
– Damages caused due to war
– Loss of money kept inside the property
– Loss to a property that has remain unoccupied for a certain period

How much does insurance cost?

Your insurance costs depend on your premium amount. This premium amount depends on several factors that differ from insurance to insurance. Here’s a look:

  • The size of your home
  • The type of coverage/plan
  • The age of your home and the systems installed therein
  • The location of your home
  • The sum assured