Business Standard

Buy add-on covers to protect against damage due to natural calamities

Since consequential damage is not covered under the base policy, this will be an additional safety net to protect you

cash, currency, notes, funds, investment, shares, growth, profit, loss, tax, money, income, earnings

There are a few essential things to keep in mind while making the claims.

Bindisha Sarang Mumbai
In the past six months, many states have been hit by cyclones, earthquakes, floods and other natural disasters, and properties, cars and other goods have been damaged in many households. For those, who have adequate insurance, this would be the time to make claims. 

Take for instance, in case of a car, Sajja Praveen Chowdary, head of Motor Insurance, PolicyBazaar says: “Accidents are just one risk that can happen. The general cost of an accident is in the range of Rs 15,000 to Rs 25,000. Loss due to a natural disaster can be much higher. For example, 75 per cent of

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 16 2020 | 7:21 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to