Features of Chola Long Term Dwellings Insurance
Standard Fire and special perils Home Insurance policy for long term Dwellings protects against the following for Building.
- Fire.
- Lightning.
- Explosion / Implosion.
- Riots, Strikes and Malicious damage.
- Impact Damage by any rail /road vehicle or animal, otherthan owned vehicle / animal
- Aircraft Damage.
- Subsidence and Landslide including Rockslide.
- Bursting and/or Overflowing of Water Tanks, Apparatus and Pipes.
- Missile-testing Operations.
- Leakage from Automatic Sprinkler Installations.
- Bush Fire.
- Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation.
- Earthquake
- Terrorism (optional)
Policy Tenure
Fire insurance is normally an annual insurance policyrenewable every year. A long term policy can be issued for aperiod not less than 3 years to insure a premises used as Dwellings (residence). The maximum period of such an insurance shall be 25 Years at any one time or till property insured reaches 50 years of age, whichever is earlier. The full premium for entire period is collected at inception and a discount in premium is given for such a long term insurance.
Sum Insured of Building
- 15 lakhs – 1 crore (option allowed for customer entry)
- A home insurance policy is the only way to protect and safeguard your peaceful abode from such unexpected dangers.
- You can also choose from our customized house insurance plans- Home Protect.
