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Temporary Resettlement Expenses

Temporary Resettlement Expenses
 

Two new covers introduced for
External equipments & Loss of cash.

Temporary Resettlement Expenses

In the event of loss or damage to the building insured under this policy due to operation of an insured peril as per terms and conditions of the policy and the building is not in a position to be occupied, the Company will reimburse to the Insured the actual cost incurred towards lodging expenses incurred as a temporary resettlement in an alternative accommodation for a maximum period of one week not exceeding the annual limits specified against each plan:
 

S.No.

Plan

Amount of resettlement

1

Bronze

10000

2

Silver/Gold

25000

3

Platinum/Diamond

50000

 
 
 
 
 
 
 

 

Important Condition:

1.The actual charges incurred subject to the maximum limits specified above only shall be reimbursed.
2.Resettlement expenses covers only the lodging expenses incurred during the course of stay in a guest house or in a hotel.
3.This coverage does not include boarding expenses and no proportion of the claim amount will be deducted if the same is offered on a complimentary basis.
4.Necessary proof for having stayed in an alternate accommodation other than the usual place of residence and paid the expenses shall have to be furnished to the insurance company.
5.This coverage does not include transportation expenses.
6.The above limits are applicable per annum.

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