ICICI Lombard Fire and Special Perils Policy:

ICICI Lombard Fire and Special Perils Policy protects your property against fire, lightning, bomb explosion, floods, landslides etc. and other natural and man made calamities.  If your property is destroyed by any of the above forces you can claim your losses from the policy.

The ICICI Lombard Fire and Special Perils Policy offers
Two ways by which you can be insured.  You can insure your property by the current market value or you can insure it on a replacement basis.  The policy says that it is better to insure your property on a replacement basis because whatever is damaged will be replaced to you and so you will have nothing to lose.

Depending on the construction of the building the premium rate will be calculated.  Suppose it is a one storey brick building, or a two storey brick building, accordingly the premium will be calculated.  The premium will also be calculated taking into consideration the number of people who were living or occupying it.

If you have already claimed your losses for any previous peril situations, that too will be taken into consideration, and if you have done so, the amount that you are eligible to get now will be much less than if you had not claimed anything in any previous situation.

You will not get coverage if your loss amounts to anything lower than rupees ten thousand.  If for any reasons of loss like theft, losing of earnings, losing of property documents, etc, then only you will be covered by this policy.

Of course today a person who needs a policy is definitely well secured and that is the reason for obtaining a policy.  Definitely no one would be in possession of property of less than ten thousand.  If a simple fire breaks out the loss is surely going to be more than ten thousand with the exhorbitant cost of equipment.

By buying ICICI Lombard Fire and Special Perils Policy, you are not only securing your property, but also you are protecting yourself and your family's investment for the rest of your lives.  Be safe from fire and enjoy a resful life.