Oriental Insurance Company Limited
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Householders Package Policy
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FAQ
• What is Householder’s Package Policy ?
Householder’s Package Policy is a packaged policy which offers almost all covers that are required for a common householder.
• How many Section/Covers are available under this policy ?
There are Ten Sections under Householder’s Package Policy :

Section – I : Fire & Allied Perils

a) Against House Building.
b) Against household contents.

Section – II : Burglary & Housebreaking including larceny or theft (Contents only)

Section – III : All Risk against valuable items.

Section – IV : Plate Glass Cover ( fixed )

Section – V : Breakdown of domestic appliance.

Section – VI : Television Sets (All Risk ) cover

Section – VII : Pedal Cycle (All Risks) cover.

Section – VIII : Baggage

Section – IX : Personal Accident

Section – X : Public Liability & Workman Compensation Risks.

• Are all the sections are compulsory under the Policy ?Top
No. Only Section I-B (Fire & Allied Perils) cover against household contents is compulsory. In addition to this the insured has to opt any two more section from remaining Nine Sections.
• What should be basis of valuation for getting household items covered under householder’s policy ?
Insured has to get his household contents as per their market value and Electrical Item on replacement value.
• Is selection of household items coverage is allowed ?
NO. Selection of household item cover under basic cover Fire & allied perils and Burglary is not allowed, same shall be applicable to the machinery breakdown section.
• Is there any discount for opting more than minimum required ( 3 sections ) covers ?
Yes, insured is entitled to 15% discount for opting more than four section and 20% discount on premium for opting more than six section respectively, excluding Tariff Sections premium i.e. Fire & Allied Perils Section and Public Liability & Workman Compensation Risks Section, but for Section discount all Sections (Tariff & Non-Tariff sections) will be counted.
• How the household articles and valuable would be identified in the list ?
Yes,the insured must furnish entire list of items proposed for cover. A single amount for contents can be mentioned if the value of single item does not exceeds 5% of the amount of insurance value of contents.
• Is it compulsory to get Jewellery & Valuable item covered against all risk only ?
No, the Jewellery & Valuable items can be covered against Fire & allied Perils and Burglary Section, also.
• What is the term of insurance cover under this policy ?Top
The policy is normally issued for a period of twelve months only.
• What is the territorial limit under this policy ?
Cover is available within India only, except for Personal Accident & Baggage Section.
• What are Sections under which insured has option to go for restricted cover or All Risk (wider cover) ?
Insured has the option to get insurance cover of Jewellery/Valuable, T.V Set, Pedal Cycle against Fire & Allied Perils and Burglary in addition to All Risks covers (wider cover).
• Can all Electrical Items be covered under T.V. All Risks Section ?
No. T. V All risks section cover Television Sets Only. All Electrical items including T.V set can be covered under Machinery Breakdown Section. These items has also to be covered against Fie & Allied Perils and Burglary.
FOR ANY FURTHER DETAILS PLEASE CONTACT OUR NEAREST OFFICE.
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Oriental Insurance Company Limited