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Secure Your Home With BGR Policy Cover

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Home is everyone’s secure abode and the place where everyone feels happy and safe. Therefore, it is undeniable that you would want to protect it from all and any kind of threat to keep your and your family’s happiness safe. That is why you should opt for BGR or the Bharat Griha Raksha home insurance policy that is designed to protect your home and its belongings from unfortunate and unexpected events.

Understanding Insurance for Home

A home or property insurance policy covers your house against natural disasters. It is natural for everyone to want this insurance, as a house is a crucial part of life, and unforeseen events can occur at any time. Over the past few years, natural calamities, such as the Amphan cyclone, the Uttarakhand floods, and the Gujarat earthquake, which came unannounced, caused irreparable damage to houses across India.

One incident can cause significant damage to your house and its belongings. Even if you are not staying in a place that is prone to such calamities, other risks expose your home. For example, kitchen fires and faulty wires are some unexpected threats to the house. That is why it is necessary to have an insurance policy designed particularly for your home.

BGR policy is intended to provide a safety net, covering your home and its belongings. The policy comes with the promise of support and financial security when you need it the most.

What is BGR Insurance Cover?

BGR or Bharat Raksha Griha insurance provides coverage for your home building and its contents, including household items and personal belongings. Under this insurance policy, the insurance company will pay you for losses resulting from unexpected events that cause destruction or damage to the building, physical loss, and items or articles within it.

You can get three kinds of cover in this policy:

1. Home building cover - This includes cover for your home building structure.

2. Home content cover - This includes coverage for things and articles in your house. These general contents are covered for 20% of the sum insured for your home building to a maximum of INR 10 lakh, unless you have declared the details and opted for a higher sum amount for contents.

3. Optional cover - You can opt for additional covers as mentioned below for an extra premium:

• Cover for valuable content on an agreed value basis - Certain valuable items, including silverware, jewellery, works of art, and paintings, can be covered under additional insurance.

• Personal accident cover - This is a cover in case you or your spouse dies because of damage to your house.

Who Can Purchase the BGR Policy?

The most essential question is, who can purchase this policy? You can always buy this policy if you are the owner of the building. You can also purchase home content coverage for articles and personal belongings, if you are the owner or tenant of the house.

Benefits of Buying the BGR policy

Let’s look at why purchasing the BGR insurance is valuable for you:

1. This insurance covers damage caused by explosions, fires, bushfires, and implosions, ensuring that fire accidents won’t burn you financially.

2. Your house will be secured and covered against natural calamities, including floods, earthquakes, storms, cyclones, and lightning.

3. The policy also protects and covers your house and its contents, including furniture and appliances, as well as against theft that occurs within 7 days of any insured event.

4. The policy will also cover against overflowing or bursting of apparatus, water tanks, and pipes.

5. It will keep you at peace by protecting your silverware, jewellery, and works of art under the added value cover.

6. Under the personal accident cover, you and your spouse can be covered in case of death.

What is Covered in the Policy?

The following is covered in the BGR policy:

1. Fire

2. Implosion or explosion

3. Lightning

4. Earthquakes, volcanic eruptions, or other natural tremors

5. Typhoon, storm, cyclone, hurricane, tempest, tornado, inundation, tsunami, flood

6. Subsidence of the land on which your house building stands, rockslide, landslide

7. Forest fire, bush fire, jungle fire

8. Any impact damage includes harm brought on by collisions or impacts with external physical objects, such as fallen trees, cars, walls, aeroplanes, etc.

9. Strikes, riots, and malicious damage

10. Acts of terrorism (terrorism cover as per terrorism clause)

11. Overflowing or bursting of apparatus, water tanks, and pipes

12. Leakage from automatic sprinkler installations

13. Theft that occurs within seven days of the incident and is directly related to any of the insured occurrences listed above

What is Not Covered in the Policy?

The policy does not cover expenses and losses for any damage, loss, or destruction of the insured home or property that is directly or indirectly caused by:

1. Willful, deliberate, or intentional omission or act by you or on your behalf

2. Invasion, war, act of foreign enemy hostilities, civil war, war-like operations, mutiny, civil commotion, rebellion, military rising, insurrection, revolution, or usurpation of military power

3. Contamination or ionising radiation by any radioactivity from nuclear fuel or nuclear waste

4. Contamination or pollution, unless it results from an insured event

5. Damage or loss to insured property that has been removed from your house.

6. Loss of delay, earnings, market, or any indirect loss

These are a few factors that are not included, and you must cross-check the entire list with the insurance provider.

Conclusion

BGR is a must-have policy for every homeowner and even tenants who want to safeguard their residential property and their belongings from unexpected and unforeseen events. Not only does this policy protect your house from natural calamities, but it also protects it from terrorism, which is often not a part of any other insurance policy.

Considering the geopolitical changes happening everywhere, there is no harm in safeguarding yourself, your loved ones, and even your beloved house from the act of terrorism. Contact your insurance company today and understand the terms and conditions of purchasing the Bharat Griha Insurance policy.

FAQs

1. What is covered under the BGR policy?

The BGR policy covers house properties and their contents against natural disasters, risk of fire, theft, and accidental damage.

2. What is the term period of the BGR policy?

The policy is generally for one year, with the requirement of annual renewal.

3. Does the BGR policy automatically get renewed?

No, it does not get automatically renewed. You will have to get it renewed with the insurance company.

4. Who can purchase this policy?

If you are an owner or tenant, you can purchase this policy to protect your house and belongings.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.

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