This householders' insurance section provides cover against accident or misfortune anywhere in India for valuable items, such as jewelry, gold, silver, and other precious metal items, watches, clocks, photographic equipment, video cameras, telescopes, microscopes, music instruments, and sports equipment.

Usually, a valuation certificate is required for jewelry and valuables if:

• The value of an individual item in your jewelry is more than 10 per cent of the total sum insured in the policy. If this certificate is unavailable, the insurance company will pay you only a maximum of 10 per cent of the sum insured.

• The sum insured in your policy is Rs. 5 lakh or more

• The value of an individual item exceeds Rs. 5,000

Exclusions

• Insurance companies can place conditions on risk covers offered - for example, some may provide cover only for the loss of jewelry or precious stones kept in specified bank lockers.

• Cracked, scratched or broken lenses, glass, gramophone records or any other fragile item

• Valuables stolen from a car, except from a fully enclosed saloon car having all doors, windows and other openings securely locked and fastened.

See also:

Fire and Its Associated Perils

Burglary, Housebreaking & Other Perils

Plate Glass

Breakdown of Domestic Appliances

Breakdown of Electronic Equipment

Pedal Cycle

Baggage

Personal Accident

Public Liability Risk and Workmen's Compensation Risk

Increased Living Expenses

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