3. What Does the Policy Against Calamities Cover?

Most insurance policies do not provide a separate cover for earthquake. A bundle of insurance is mostly available for natural calamities, like – earthquakes, droughts, floods, hurricanes and the like. As Gujarat is among the most earthquake affected area, this region has a special earthquake insurance policy. A few other companies, like – ICICI Lombard, LIC and Royal Sundaram, provide special earthquake insurance. So, the policy amount may differ from one service provider to another.

The policy offered in Gujarat costs 0.6 per 1,000. This insures your house against - fire, natural calamities (earthquakes, cyclones, storms and floods), gas cylinder explosions, riots and even terrorist attacks. However, only the building and its contents are covered, while other areas are not, like – valuables, cash, jewellery, precious stones and metals, securities, bonds and documents.