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Television Insurance
This policy is essential for each and every householder, also commercial
cable TV operators who own a television with accessories. Under this
policy, the television including the antenna and the VCR can be insured. |
Risks covered
This policy insures the television and related equipment
from
- Fire, lightning, explosion.
- Earthquake, flood, storm, cyclone, allied perils
- Riot, strike, malicious act.
- Burglary, housebreaking, theft.
- Accidental
external means.
- Mechanical or electrical breakdown.
- Liability towards third party for death or personal injury
as well as third party property out of use of the television
or its fittings.
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Compensation Offered
This policy will indemnify
the insured by
- Bearing the cost of repairs/ replacement
of the damaged/ lost apparatus. The sum insured or market
value is the
limit in the case of total
loss.
- Paying the claim proportionately if the sum insured is
not adequate.
- Paying off the third party liability towards injuries,
damage or death, limited to Rs.25,000/- for the entire
policy period.
- Bearing the cost of legal expenses incurred with the
consent of the company in contesting/ defending a claim.
- Paying for the damage to other property (of the insured)
owing to breakage/ collapse of the antenna fittings or
mast, subject to a maximum of Rs.2,000/- for the entire
policy period.
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Exclusions
The policy will never pay losses or damages due to
- War or warlike situation, nuclear risks
- Erection, dismantling or repairing of apparatus
- Consequential loss, depreciation, wear and tear, failure
and breakage caused by normal atmospheric conditions
- Liability assumed by the insured by agreement
- Loss or damage to accessories by theft unless the apparatus
itself is stolen.
- Manufacturer's/ supplier's liability.s
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