Knowledge Centre

TV Insurance

Home insurance gives you the peace of mind that your cherished home is insured against perils and damages due to natural or manmade reasons. To make your home insurance more comprehensive, it is advisable to cover these high-end appliances. For instance, a television is an integral part of all our lives, when it comes to entertainment. From LEDs to Smart TVs to Home Theatre Systems, our homes are enhanced with these entertainment devices that are quite expensive to replace or repair. Also, with rapid technological advancements, the once simple and boxy television sets have evolved into sleek smart devices that connect and fulfil all our needs online.

So naturally, the more technologically advanced a TV is, higher will be its price. And greater will be the need to safeguard it against any potential damages and financial losses. A perfect safeguard against breakdown, theft or damage, of your television is to get it insured under home insurance.

Benefits

A hefty amount is usually spent on buying a TV, and so, insuring it is a good way of getting the protection you deserve in case of an accidental damage or loss. Having a comprehensive insurance policy for TVs has many benefits, as listed below:

  • Insurance against damage: Coverage for any financial loss due to the accidental damage of the television, which may arise due to a fire or other perils.

  • Insurance against theft: Coverage for losses in case of a burglary or theft

  • Protection of aerial parts and fittings: Policyholder gets benefits when it comes to replacing damaged fittings or parts.

  • Low premium: For a nominal premium amount, depending upon the cost of the television, high coverage is provided to the insured

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

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


What’s Included?

Fire
Fire

Coverage offered for television 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 television is in transit (not aerial) are covered by the television 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?

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 television 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

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

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

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

Your TV can get covered under our Home Insurance policy. Applying for it 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 the premium online through net banking, credit and debit cards, or wallets like Paytm, PhonePe, etc. You can also visit our 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, with 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
o Duly filled claim form o KYC Documents like Aadhaar Card, Passport, Driving Licence, Voter ID, etc. o Copy of the purchase bill or invoice o FIR copy in case of theft or burglary
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