Our insurance division has tied
up with MetLife India Insurance, a joint venture between MetLife
International Holdings Inc., The Jammu and Kashmir Bank, M. Pallonji
and Co Private Limited and other private investors.
The Metropolitan Life Insurance Company (MetLife ) is the number
one insurer in the U.S. and serves approximately 9 million individual
households in the U.S. as well as 87 of the Fortune 100 companies.
MetLife India develops and distributes its parent company's over-130-year-old
reputation of helping build financial independence for its customers.
MetLife India has developed and distributes a range of life insurance
products in India, with Home Insurance being just one of them.
Home Insurance Policies—The Basics
A basic home policy covers perils, which are specifically
named risks such as lightning, theft, fire, smoke, wind and explosion.
With this type of policy; any risk that is not mentioned specifically
in your policy is not covered. From some insurance companies you
are able to purchase special policies that cover the house for all
perils except those explicitly excluded by the policy though, such
as pet damage.
The chart below illustrates typical coverage under MetLife Auto & Home's
standard home policy. |
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COVERAGE |
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DESCRIPTION /
EXPLANATION |
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EXCLUSIONS |
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Dwelling
Other Structures |
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• Residence, attached/built-in garage
• Includes structures you own that are not attached to
the house, such as storage sheds, fences and barns.
• Motor vehicles such as your lawn mower or motorised wheelchair
are covered, but your automobile must be covered by a separate
auto insurance policy. |
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Some excluded perils:
• Earthquake, except by special endorsement
• Floods
• Pet Damage
• Damage by birds, rodents, and insects
• Pollution damage
• Water damage resulting from flood or sewer backup, except
sewer back up coverage by a special endorsement
• Deliberate damage you do to your own or someone else's
property
• Normal wear and tear
• War |
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Personal Property |
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• Covers damage, theft
(some items subject to special limits) or destruction of items
such as televisions, stereos, furniture, etc. |
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• Generally excludes
same perils as dwelling coverage. |
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Additional Living
Expenses |
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Covers the additional
costs of living in case you have to move out of your home and
live in a hotel or rental while it is being repaired for a covered
loss. |
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Basic Liability
Insurance and Medical Payments to Others |
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• Covers expenses
in the event you are found to be legally responsible for damages
or injuries to others, on or off your property. |
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• Damage done intentionally
• Business liability |
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Exclusions
and Additional Coverage
Read your home policy carefully to find out what is excluded
from coverage. In addition to excluded perils, your coverage
may exclude:
• Property and liability of tenants, roomers or
boarders. Tenants may opt to purchase renters' insurance.
• Business liability for damages resulting
from home business activities and professional services. Talk
to your insurance agent about separate business-related coverage.
• Lightning damage to trees, plants, shrubs
and lawns.
• Debris removal (for example, removal
of wind damaged trees that have fallen and are leaning on your
house).
• Fire department service charges |
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Our Promise
• Fast and fair claim handling.
• Accessible, convenient and easy-to-use claim service.
• On-the-spot payment.
• National Catastrophe "CAT" Team, that has the
expertise and the sensitivity to help you get your life back
in order and see to it that your property is repaired properly. |
