Home Insurance Claims: A Step-byStep Guide

A home can be an extension of its inhabitants. Home is more than just a financial investment. It’s also a place of emotional storage for many. It is therefore important to protect your home with a solid Home Insurance policy. Home insurance can be different depending on what kind of policy is chosen. My Home Insurance All Risk from Bajaj Allianz General Insurance Company offers coverage for building, contents and valuables such as jewellery, art, curios and other items. The scope of the policy is specified in the policy language. * All claims are subject to the terms and conditions of your home insurance policy. You can raise a claim if any of the risks or contingencies covered by your policy occur. As explained below, the process of making a claim for home insurance is straightforward and simple.

How do I raise a claim for home insurance?

You can rely on your home insurance to help you in the event of an accident. The home insurance claims process can look like this:

1. The insurer is informed by the policyholder

As a policyholder, you must inform your insurance company of the incident. You can contact Bajaj Allianz General Insurance Company by calling our free insurance helpline at 1800-209-5858, whether it’s a theft, burglary or other natural disaster. You will need to give important information about your policy and the incident that occurred.

2. The insurance company confirms the claim.

The insurer will verify all of the information provided by the policyholder after they have been notified about the claim. The insurer will forward the claim to its claims department once the authenticity of the claim has been verified.

3. The insurance company will appoint a surveyor

The next step, after the claim is registered and forwarded to the claims office, is the appointment of the surveyor. This should be done within 48 hours. The surveyor, for those who are not familiar with the term, is an insurance agent licensed by IRDAI to investigate claims. A surveyor quantifies, validates and manages losses that arise from any contingency. #

4. The surveyor performs the inspection

The surveyor will now perform their duties. You as the policyholder are required to provide them with all pertinent information in order to support their inspection. You can substantiate your claim better if you provide more information to back up your claim. The surveyor will then create a detailed report based on the information you have provided and send it to your insurance company in a certain number of days. The length of time it takes could depend on other factors such as the severity and situation. It could take between 7 and 15 days.

5. The insurance company will process the claim

Your claim will be settled by the insurer using the report that the surveyor has prepared. The insurer will decide if your claim is approved or not. The insurance company will usually take 7-10 working days to process the claim after receiving the report. Online, you can submit a claim for your home insurance. You can download the claim forms from our website. You can select from different forms depending on what item or property has been damaged. The claim documents may also vary depending on the item or insured property that has been damaged. Let’s examine it in more detail. Home insurance policies have terms and conditions that govern claims.

Documents needed for home insurance claims

Documents you will need to submit a claim for different types of home insurance include:

Damages to the building and its contents:

1. Fill out and sign the claim form by the insured
2. Record or narrative of the loss
3. The damaged item’s purchase invoice
4. Estimate the cost of repairs
5. Service report from the Repairer
6. The invoices and receipts of payment for repairs
7. NEFT documents
8. If the amount exceeds Rs 1 lakh, KYC is required.
9. Consent Form

Theft: *

1. Fill out and sign the claim form by the insured
2. Lost item information
3. Purchase invoice for the lost item
4. The theft is described in a brief narrative or record.
5. Police officers are required to file a First Information Report (FIR) or a First Information Report.
6. Final Police Report
7. Indemnity bond, if applicable

You will also need the NEFT documents and KYC documents (if the amount exceeds Rs 1 lakh) as well as the consent form.

For Burglary *

You will need to provide the documents listed above, as well as any additional documents such as discharge papers and paper cuts, if applicable. The terms and conditions of the home insurance policy apply to claims. The best home insurance policies are those that provide comprehensive coverage. You can use the calculator to estimate how much it will cost. Calculator for home insurance premiums In India. You can plan your budget based on the estimated premium. Home insurance policies have terms and conditions that govern claims.