homeinsurance

Akhtar Fuiou Technologies

TPL Insurance Terms and Conditions

 

THESE ARE THE TERMS AND CONDITIONS FOR DIGITT+ TPL INSURANCE(the “Terms & Conditions”). BY USING THE DIGITT+ TPL INSURANCE(“INSURANCE SERVICE”), THE CUSTOMER (“You”) AGREE TO BE LEGALLY BOUND BY THESE TERMS & CONDITIONS.

HOME INSURANCE

        1.      About This Insurance

Home Insurance helps protect your home and belongings against unexpected events such as fire, natural disasters, burglary, and accidental damage. It provides financial support for repairing or replacing covered property and includes additional benefits such as lock replacement and rebuilding-related expenses. Coverage applies only to insured assets and is subject to policy terms and exclusions.

2.      General Exclusions

1.       Any employee, maid, driver, domestic servant staying in the house are excluded

2.    Coverage of household contents in combination with theft or burglary of personal possessions.

3.    Third party liability within the Insured Premises which provides cover in case the Insured is held liable for accidental bodily injury or property damage to any third party and includes legal expenses incurred.

4.    Under house hold contents, financial instruments such as deeds, bills of exchange; manuscripts, medals, coins, motor vehicles and accessories, livestock, computer system records, business books, books of accounts and contents left in the open and/or basement are not covered under the policy.

5.    The insurance policy does not cover and specifically excludes any financial losses, damages and claims caused intentionally by the Policy Holder and/or his/her family members.

6.    Precious stones, metals and Artification are excluded.

 

 

 3.      Terms and Conditions

·       Maximum sum insured of any one item/content shall be deemed not to exceed 10% of the total value of Home Contents and Personal Effects

 

·       In the event of the private dwelling named in the schedule being left without an authorized inhabitant for more than 30 consecutive days, this insurance shall EXCLUDE any loss or damage caused by BURGLARY or any attempt threat and Escape of water from fixed water tanks, apparatus or pipes.

·       The insured shall give to the Company immediate notice in writing, with full particulars, of the happening of any occurrence likely to give rise to a claim under this insurance; of the receipt by the insured of notice of any claim; and of the institution of any proceedings against the insured

·       In case of loss or damage by burglary, housebreaking or any attempt threat the insured shall take all practicable steps to discover and punish the guilty persons and to trace and recover the property and shall immediately upon the discovery of the loss or damage notify to the Police Authorities.

·       Not incur any expense in making good on any damage without the written consent of the Company and shall not negotiate, pay, settle, admit or repudiate any claim without prior consent of the Company.

·       This policy does not cover:

a) Loss or destruction of or damage to any property whatsoever or any loss or expense whatsoever resulting or arising therefrom or any consequential loss or any legal liability of whatsoever nature directly or indirectly caused by or contributed to or by arising from ionizing, radiations or radioactive contamination from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel.

b) The radioactive, toxic, explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof.

c) Directly or indirectly by reason of, or in connection with war, Terrorism, invasion, act of foreign enemy, hostilities (whether war be declared or not) civil war, rebellion, revolution, insurrection, military or usurped power, civil commotion or martial law or loss or damage to the insured property or any part thereof resulting from abandonment, confiscation, requisition, detention or legal or illegal occupation of such property by any person or authority.

d) loss or damage to any electrical machine, apparatus, fixtures or fitting (including electric fans, household or domestic appliances, television sets and radios) or to any portion of the electrical installation, arising from or occasioned by over running, excessive pressure, short circuiting, arcing, self-heating or leakage of electricity from whatever cause, provided that this exception shall apply only to the particular electrical machine, apparatus, fixture, fitting or proportions of the electrical installation which may be destroyed or damaged by fire set up.

e) Breakage of any item or fixture, fittings, etc. except by a peril insured by this policy.

f) Jewelry, deeds, bonds, bills of exchange, promissory note, coin, paper money, securities of money, cheques, documents of description, stamps, model of motor vehicles/accessories or stocks unless specifically declared and agreed by the Company.

g) Any loss, destruction or damage directly occasioned by pressure waves caused by aircraft and other aerial device travelling at sonic or supersonic speeds.

h) If at the time of any loss, damage or liability arising under this policy there shall be any other insurance covering such loss damage or liability or and part thereof the Company shall not be liable for more than its ratable proportion thereof."