Future Generali Home Suraksha

Section I – Protection Against Standard Fire & Special Perils

• Content
• Exclusions
• Basis of Loss Settlement

Covers

On the happening of any insured event as provided for hereunder arising during the Policy Period and notified as prescribed, We will make payment as provided for under each Cover but only up to the Sum Assured as specified in the Schedule against each Cover or each sub-limit of the Sum Assured, as the case may be.

Protection Of Your Contents Against Standard Fire & Special Perils

Contents (Excluding Valuables)

We will indemnify You in respect of loss of or damage to the Contents on the first loss basis in the Insured Premises specified in the Schedule against perils mentioned below:

• Fire: Excluding destruction or damage caused to the property insured by:
  • Its own fermentation, natural heating or spontaneous combustion.
  • Its undergoing any heating or drying process.
  • Burning of property insured by order of any Public Authority.
• Lightning
• Explosion / Implosion: Excluding loss, destruction of or damage:
  • To boilers (other than domestic boilers), economisers or other vessels, machinery or apparatus (in which steam is generated) or their contents resulting from their own explosion / implosion.
  • Caused by centrifugal forces.
• Aircraft Damage: Loss, Destruction or damage caused by Aircraft, other aerial or space devices and articles dropped there from excluding those caused by pressure waves.
• Riot, Strike and Malicious Damage: Loss of or visible physical damage or destruction by external violent means directly caused to the property insured but excluding those caused by:
  • Total or partial cessation of work or the retardation or interruption or cessation of any process or operations or omissions of any kind.
  • Permanent or temporary dispossession resulting from confiscation, commandeering, requisition or destruction by order of the Government or any lawfully constituted Authority.
  • Permanent or temporary dispossession of any building or plant or unit or machinery resulting from the unlawful occupation by any person of such building or plant or unit or machinery or prevention of access to the same.
  • Burglary, housebreaking, theft, larceny or any such attempt or any omission of any kind of any person (whether or not such act is committed in the course of a disturbance of public peace) in any malicious act.
• Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation: Loss destruction or damage directly caused by storm, cyclone, typhoon, tempest, hurricane, flood or inundation excluding those resulting from volcanic eruption or other convulsions of nature.
• Impact Damage: Loss of or visible physical damage or destruction caused to the property insured due to impact by any Rail/ Road vehicle or animal by direct contact not belonging to or owned by:
  • The Insured or any occupier of the premises or
  • Their employees while acting in the course of their employment.
• Subsidence and Landslide including Rock slide: Loss, destruction or damage directly caused by Subsidence of part of the site on which the property stands or Land slide/Rock slide excluding:
  • The normal cracking, settlement or bedding down of new structures
  • The settlement or movement of made up ground
  • Coastal or river erosion
  • Defective design or workmanship or use of defective materials
  • Demolition, construction, structural alterations or repair of any property or groundwork or excavations
• Bursting and/or overflowing of Water Tanks, Apparatus and Pipes.

• Missile testing operations.

• Leakage from Automatic Sprinkler Installations, excluding loss, destruction or    damage caused by

  • Repairs or alterations to the buildings or premises
  • Repairs, Removal or Extension of the Sprinkler Installation

  • Defects in construction known to the Insured.

• Bush Fire, excluding loss, destruction or damage caused by Forest Fire.
• Earthquake – Fire and Shock

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