TIntroduction:

ING Vysya Bank Limited is a corporate agent of ICICI Lombard General Insurance Co Limited. Insurance is a subject matter of solicitation.

Participation by ING VYSYA Bank customers shall be purely on voluntary basis. The contract of Insurance is between ICICI Lombard General Insurance Co Limited and the insured, and not between ING Vysya Bank Limited .

o safeguard your home from any threat, ING VYSYA BANK offers Home Insurance Policy that covers the structure and/or contents of your home against unforeseen events.

Features

Comprehensive cover for both structure and / or contents of your home Up to 5 years coverage for structure and contents Coverage against Fire and allied perils, Burglary & Theft Optional cover for Terrorism and Additional expenses of rent for alternative accommodation

You can choose to buy insurance for only the building (structure) of your home, or only the contents (belongings) or both. The policy covers the losses to the structure and/or contents of your home due to any natural and man-made calamities.

The following fire and special perils are covered:

Fire Lightning Impact Damage Aircraft damage Explosion / implosion

 Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation Riot, Strike, Malicious 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
Earthquake Cover: Under the earthquake cover, the policy covers loss or damage (including loss or damage by fire) to any of the property Insured by this policy occasioned by earthquake including Landslide / Rockslide resulting therefrom but excluding flood or overflow of the sea, lakes, reservoirs and rivers caused by Earthquake. Sum Insured for this cover is identical to the Sum Insured against the risk covered under main policy except for the value of the plinth and foundations of the building(s)

Burglary cover and theft cover:

The contents of your home are also covered against loss due to burglary or theft or an attempted burglary. It also covers loss of jewellery, silver articles and precious stones kept under lock and key, up to 25% of the total content sum insured or 1 Lakh, whichever is lower. Jewellery, silver articles and precious stones are only covered for Burglary cover and not for Theft. Optional covers: 1. Terrorism Cover - Covers any damages and losses to the structure and / or contents of your home due to acts of terrorism. 2. Additional expenses of rent for alternative accommodation - If you are forced to shift into an alternative accommodation because your home is destroyed or damaged by any insured peril, the policy will cover you against the additional rent. The maximum coverage is up to 1 Lakh for up to 6 months. This cover is available only if you are insuring the structure of your home.

Exclusions:

Wilful destruction of property. Loss, damage and destruction caused by war, wear and tear etc. Losses if your home has been unoccupied for more than 30 days, without prior notice to ICICI Lombard.

Cash, bullion, painting, works of art and antiques. For more details, kindly refer to the Policy Wordings.
How to calculate the Sum Insured for Home Insurance Home Insurance for Structure:

The home insurance policy insures the structure of your home for its reconstruction value (and not for market value). Reconstruction value is defined as the cost incurred

to reconstruct the home if it is damaged. On the other hand, market value is a combination of cost of land, demand & supply scenario, etc. Sum insured is calculated by multiplying the built up area of your home with the construction rate per sq. feet, e.g. if your built up area of your home is 1000 sq. feet and the construction rate is 800 per sq. feet, the sum insured for your home structure is 8 Lakh. We recommend the rate of construction for your location when you are buying online. However, this value can be revised appropriately if expensive material - like marble flooring, etc. has been used in construction. If your home has lawn / garden surrounded by a perimeter wall, the construction rate can be revised to include the cost of construction of this wall in home structure sum insured.

Claim process:
Provide relevant information, which includes your policy and other details regarding your claim. Consequently, your claim request is authenticated and is escalated to ICICI Lombard's claims department. ICICI Lombard's claims department validates and registers the request. ICICI Lombard appoints a surveyor within 48 hours. You will need to submit all the relevant documents to the surveyor. On receipt of documents, the claims department processes the claim within 15 working days. Documents Required for Home Insurance (a) Claim Form of ICICI Lombard duly completed and signed by the insured and/or insured's legal representative.

(b) Independent evidence of the event occurring, nature and extent of the loss such as: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. First Information Report Investigation Report by the Police Fire Brigade Report Estimate of the repairers Invoice of the suppliers for replacement Final Bill of repairers Suppliers original Invoice for replacement Court Summons Invoices of owned articles, if required Proof of rent in dwelling and dwelling taken up as alternative accommodation GR / RR or Carrier's Invoice Rent Agreement Proof to show withdrawal from Bank Transport details for baggage loss Copies of the duplicate securities and copies towards proof of expenses paid for recovery of duplicate certificates Medical Officers Certificate for death or disability Hospital Bills for expenses for treatment Post Mortem Certificate wherever required Legal opinion wherever required.

Please note that this is an indicative list and some other documents may be required at the time of claim settlement.