House Holder

Householder's Package Policy

Home is where the heart is and that is exactly what the Householder’s Policy protects

Magma HDI's "Householder's Package policy" is devised to cater to the overall requirement of you as a House owner. Under this policy, we have combined a number of contingencies, which are normally covered as separate policies.

Additional Covers

(In Built Covers with no extra premium)

Loss or damage caused due to

householders insurance
Expenses incurred on removal of debris up to 1% of the claim amount
householders insurance policy
Expenses incurred on Architect, Surveyors and consulting fees up to 3% of the claim amount
householders insurance quote
Sum insured for assets (other than stock) can be covered on reinstatement value basis. Stocks are covered on market value basis

Coverage in the form of various optional sections

Fire & Allied perils - Building & Contents

  • This section covers structure of the Building
  • Contents excluding money and valuables can also be covered under this section
  • Covers your property against loss or damage due to below perils:
    • Fire
    • Lightning
    • Explosion / Implosion
    • Aircraft Damage
    • Riot, Strike, Malicious and Terrorism Damage
    • Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
    • Impact Damage
    • Subsidence and Landslide including rock slide
    • Bursting and/or overflowing of Water Tanks, Apparatus and Pipes
    • Missile Testing Operations
    • Leakage from Automatic Sprinkler Installations
    • Bush Fire

Burglary & Housebreaking

  • This section covers loss or damage by actual or attempted burglary and/or robbery during the policy period in respect of all contents covered under Standard Fire & Special Perils section.

All Risk (Jewellery & valuables)

  • This section covers loss damage to your jewellery and other valuable items including precious stones etc. whilst kept or lying in your house or whilst worn during the travelling and/or in any social function occasioned by fire, theft, robbery or any other fortuitous event.

Plate Glass

  • This section covers accidental loss or damage to Plate Glass/ Neon Sign/ Glow Sign

Electronic Equipment

  • Loss of or damage to your personal computers, Television, Audio/ video

Breakdown of Domestic Appliances

  • This section covers the Domestic Appliances/ machines such as Air conditioners, Refrigerators against the risk of unforeseen and sudden mechanical and/or electrical breakdown.

Employee's Compensation

  • This section protects you against any legal liability which your domestic helps or his/her legal heir may bring against you due to injury and / death suffered by them during and out of employment suffered in the premises covered under the policy.

Public Liability

  • This section covers you against legal liability including the defence cost incurred by you in respect of accidental bodily injury to third parties and/or accidental loss and/or damage to property belonging to third parties.

The policy does not cover the following:

  • Misrepresentation, mis-description, or non-disclosure of any material information.
  • Damage which is pre-existing in nature.
  • Manufacturing defects in electrical, mechanical, and electronic items.
  • Any home which is of kutcha construction.

The above exclusions are indicative in nature, for detailed exclusions please refer to the policy wordings