Ac Insurance

Your home is undoubtedly a sanctuary, where you wish to feel safe and at peace, huge amount of money goes into putting building, furnishing and decorating a home. So, most people choose to safeguard such cherished homes with a home insurance policy. In order to make your home insurance more comprehensive,. In a country where the climate is hot and humid for the most part of the year, air conditioners are considered basic necessities. With every household featuring multiple ACs to make life more comfortable, the cost involved rises with each AC purchased.

Considering the high prices of these ACs and continual technological innovations that keep improving the features, but at a higher price, there is a definite need to protect these useful appliances from damages and threat of being stolen. You can insure your air conditioners under home insurance and live life tension-free

Benefits

Every household nowadays has multiple air conditioners that have a lot of built-in features. And these are expensive to buy and maintain too. A comprehensive home insurance policy that covers air conditioner has the following benefits

  • Insurance against damage: covers any financial loss due to the accidental damage or electrical mechanical breakdown of the machine Insurance against loss due to burglary or theft.

  • Easy payment options: Multiple payment options, including net banking, mobile wallet, cards, etc., are available to make the experience trouble-free and easy for the customers

  • Affordable premium: For a nominal premium amount, depending upon the cost of the air conditioner, high coverage is provided to the insured.


Points to consider in Coverage for Air Conditioner

The premium of the insurance policy for your air conditioner depends upon multiple factors that influence the premium cost as well as the coverage that comes with it. Here is a look at the same:

  • Price range of the AC: Different premium are charged for different models of ACs, based on their price or the Sum Insured you opt for the same.

  • Duration of the plan: The premium amount will change as per the policy duration and coverage sought.


Inclusions

Fire
Fire

Damages caused by unforeseen or sudden situations like fire, lightening, bursting or overflowing of water tanks, natural calamities, etc.

 

Burglary & Theft
Burglary & Theft

Financial loss due to theft, burglary, robbery, house-breaking, anti-social activities like riots and strikes, etc.

Accidental damage
Accidental damage

Damages caused due to any external accident or during the transit of the air conditioner are covered by the air conditioner insurance.

Mechanical or electrical breakdown coverage
Mechanical or electrical breakdown coverage

Breakdowns due to any mechanical or electrical problems. The cost of repair and replacement are reimbursed.

Exclusions

Wilful negligenceWilful negligence

Damages caused due to wilful negligence of the owners since the item is insured. Damages caused due to negligence of owners, like mishandling or misuse are not covered

Wilful destructionWilful destruction

Damages caused wilfully by the owners are not covered under the policy. Breaking or damaging the parts accidently, say by dropping them on the floor, are not covered

Non-disclosure of faultsNon-disclosure of faults

At the time of taking the policy, it is essential that the insured provide correct information about the product in a transparent way. In case any important information is not provided or wilfully hidden, it will not be covered under the insurance

Manufacturing defectsManufacturing defects

Manufacturing or other defects due to the fault of manufacturer will not be covered. The insured will have to file a claim against the manufacturer in this case

Items more than 1 year oldItems more than 1 year old

For air conditioners that are more than 365 days old from the date of purchase, the insurance is not valid, as the policy needs to be taken within the first year of purchase.

Loss due to normal wear and tearLoss due to normal wear and tear

Losses arising due to normal wear and tear or restoration are not covered under the insurance

Why HDFC ERGO?

Secured 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements seamlessly, by providing wide range of plans and add on covers for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received the Best Customer Experience Award of the Year and excellence in financial reporting for the year 2016.
Why HDFC ERGO?

Secured 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements seamlessly, by providing wide range of plans and add on covers for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received the Best Customer Experience Award of the Year and excellence in financial reporting for the year 2016.

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Frequently asked questions

Applying for insurance is easy. Just fill up a simple application form on the website and get the policy document via email and regular mail to your address, after the premium payment
Paying the premium is very easy. You can pay it online through net banking, credit and debit cards, or wallets like Paytm, PhonePe, etc. You can also visit the branches for the same.
Filing claims and getting the insurance is an easy task. Just contact us within 24 hours of the unforeseen event to apply for the claim, and keep the policy number ready: o You can call us on 022-62346234 You will be informed about the status of your claim through SMS and emails at every stage of the claim .
Yes, an excess of Rs. 5000 for each an every claim is applicable under this policy
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