Householder Insurance

Although homeowner’s Insurance provides extensive coverage, some circumstances and occurrences are not covered by the Policy. The following are the main exclusions to be mindful of:

1. Wear and Tear
   As a result of frequent use, the building and its contents gradually deteriorate or age.
2. Complete Legal Assistance
   Any harm that the policyholder or family members intentionally create or as a result of their carelessness
3. War and Nuclear Risks
   loss or harm brought on by nuclear accidents, war, invasion, or rebellion
4. Consequential Losses
   Indirect losses following an insured occurrence include diminished market value or lost income.
5. Electrical or Mechanical Breakdown
   Appliance or machinery failure that isn’t brought on by an insured risk, like fire or lightning
6. Unoccupied Property
   Unless otherwise stated, damage or theft occurs when the house is vacant for a prolonged amount of time (often longer than 30 to 60 days).
7. Valuables Not Declared
   High-value goods not disclosed or mentioned in the policy, such as jewellery, artwork, or collectibles
8. Illegal Activities
   Any harm or loss resulting from unlawful activity occurring on the property
9. Construction Defects
   Damage resulting from subpar construction or defects in the design that are not covered by insurance