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Refrigerator Insurance

It is impossible to imagine modern households without refrigerators. Thanks to advancements in technology, most refrigerators today are equipped with advanced features that enhance their base functionality to add to the user’s convenience. Needless to say, these are expensive and require a hefty investment. This is the reason why, while taking a home insurance, it is important to cover appliances like refrigerators under your policy.

Also, since you put so much thought into buying this appliance, you would obviously want to protect it and use it with extra care, so as to prevent any damage or breakdown. After all, even the slightest problem can be a huge blow to your finances. But, no matter how careful you are, you can’t control every little scenario, and damages can happen due to fire, lightning, cyclone, earthquake, flood etc. not to mention theft or burglary. Therefore, it is essential to buy an insurance that covers a wide range of perils covering losses to the refrigerator. Although many home insurance policies offer add-on cover for electronic appliances, make sure you include refrigerator coverage to make it more comprehensive.

Benefits of Refrigerator Insurance

  • Affordable premium with high coverage benefits

  • Duration: Complete coverage against losses/damage due to theft/burglary, fire/ electrical & mechanical breakdown and other accidental damages

  • Easy and hassle-free claims processing with 24x7 support

  • Duration: More comprehensive coverage than the product warranty, which comes with the product. Warranty plans have limited coverage


Factors affecting Premium

The amount depends upon a lot of factors that influence the premium cost as well as the coverage that comes with it. Here is a look at the same:

  • Sum Insured of the Refrigerator: Different premium are charged for different models of Refrigerator, basis the Sum insured opted for it.

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


What’s Included in Refrigerator Insurance?

Fire
Fire

Coverage offered for Refrigerator against any damage due to fire.

Burglary & Theft
Burglary & Theft

It’s distressing to even think about your television getting stolen. Financial Coverage is offered in case of theft or burglary

Accidental damage coverage
Accidental damage coverage

Damages caused due to any external accident, or any damages that are incurred while the Refrigerator is in transit (not aerial) are covered by the Refrigerator insurance

Mechanical or electrical breakdown coverage
Mechanical or electrical breakdown coverage

Breakdown coverage due to any mechanical or electrical fault. The cost of repair and replacement is covered in this case

What’s Not Included in Refrigerator Insurance?

Wear&Tear
Wear&Tear

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

Manufacturing defects
Manufacturing defects

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

Unauthorised repairs
Unauthorised repairs

If you file the claim after getting the repairs done yourself,your claim will be rejected

Aesthetic defects
Aesthetic defects

Aesthetic defects like scratches, stains and any issue with the material quality are not covered by the insurance

War and nuclear perils
War and nuclear perils

Covers the cost of any damage to your Refrigerator in case of a war or nuclear disasters

Items more than 1 year old
Items more than 1 year old

For televisions 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

Non-disclosure of fault
Non-disclosure of fault

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

Wilful destruction
Wilful destruction

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

Wilful negligence
Wilful negligence

The insurance doesn’t cover 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

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

You simply need to fill an application form online on the insurance provider’s website, pay the premium, and you can get the policy document via email and also by post
You will have to inform in writing about the loss/damage within 14 days from the date of damage. Fill up the claims form and submit it along with required documents, like refrigerator bill, bill for repair work if any, photocopy of the insurance policy etc. Once the form and the documents are received, a surveyor will be appointed to verify the claim. Upon receiving the survey report, the claim amount will be determined and then disbursed. Please note that an additional claims processing fee of Rs 5000 is applicable for each claim.
It generally takes 30 days to release the settlement amount, from the date of submission of the claim documents.
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