Building Insurance

🏠 United India Building Insurance: Protecting Your Foundation 🧱

United India Insurance Company (UIIC) provides comprehensive Building Insurance (often covered under its Home/Fire Insurance portfolio) designed to safeguard one of your most valuable assets: the physical structure of your property. These policies ensure that homeowners and property owners are financially protected against the enormous costs of repair or reconstruction following major disasters.

✨ Key Building Insurance Plans

UIIC offers specialized policies that cater to different property types, primarily under its established fire and household segment:

Bharat Griha Raksha Policy: This is a standardized, transparent product specifically designed for homeowners. It provides a base cover for the residential building and its contents against fire and various perils (see below).
Householder’s Policy: A comprehensive package that allows the owner to choose coverage for the building structure (Section I) along with various other risks like contents, personal accident, and liability in one policy.

🛡️ Core Coverage: The Standard Perils

The policy protects the insured structure (including the plinth, foundation, compound walls, fixed fittings, and permanent fixtures) against a wide array of unforeseen and destructive events:

Fire & Lightning 🔥: Damage or destruction caused by fire or lightning.
Natural Calamities ⛈️: Covers losses due to Storm, Tempest, Flood, Inundation, Cyclone, Hurricane, Typhoon, Tornado, Landslide, and Rockslide.
Explosion/Implosion 💥: Damage caused by explosive events.
Man-Made Perils 🔨: Includes loss or damage caused by Riot, Strike, and Malicious Damage (RSMD).
Impact Damage: Damage caused by impact from any rail/road vehicle or animal not belonging to or owned by the insured.
Other Damages: Loss or damage due to the bursting or overflowing of water tanks, apparatus, and pipes.

➕ Optional Add-Ons for Enhanced Protection

To provide a complete safety net, UIIC offers several riders that can be added for an additional premium:

Earthquake Cover: Protection against damage to the building caused by seismic activity and tremors.
Terrorism Cover: Financial protection against damages resulting from terrorist acts.
Cost of Architects and Surveyors' Fees: Covers the professional fees necessarily incurred for assessing and supervising the repair or reinstatement of the property after a covered loss.
Debris Removal: Covers the expenses for clearing and removing debris from the site following a loss.

💰 Determining the Sum Insured

The Sum Insured for the building is based on the Reinstatement Value or the Cost of Construction (excluding the value of land). This is crucial as it ensures that in the event of total loss, the policy will cover the full cost required to reconstruct the property to its condition before the loss, not just its depreciated market value.

Building Insurance with United India provides a strong financial commitment, ensuring that even after a major disaster, you have the resources to rebuild your life and property.

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