Refrigerators are one of the most used appliances in our homes. According to a recent survey, one in 3 Indians owns a Insure your Refrigerator. In a highly competitive Indian electronics market, manufacturers are launching newer models which come with cutting edge innovations to woo buyers.
Refrigerators are one of the most important consumer durable electronics for a modern household. But just like any other electronic equipment, they too are susceptible to malfunctions and prone to damages. Consequently, the expenses incurred to repair such glitches can be quite significant let alone the resultant hassles. For financial coverage in case of unforeseen scenarios like mechanical breakdown, one can opt for a refrigerator insurance plan.
Some of the features of the refrigerator insurance policy are –
Substantial coverage amount – One can purchase a considerable financial coverage for unforeseen damages under fridge Insure your Refrigerator plan by paying a nominal amount as premium. Customers can opt for a higher or lower premium amount depending on their refrigerator model, price, etc.
Simple application process – The process to purchase a refrigerator insurance plan is simple and hassle-free. Go through the steps below to gain an idea about the application process –
- Visit your insurance provider’s online website and select the insurance plan that you want to purchase.
- Access the online application from their insurance aggregator’s website and fill in all the necessary details.
- Submit the application form and make the payment for the premium via any online payment options available.
Even so, you should know the terms of coverage before you buy a refrigerator insurance plan.
Standard fire – You can benefit from financial coverage for expenses incurred due to repairs as a result of accidental fire and related incidents. Besides fire, you can also claim financial coverage for other occurrences with a Refrigerator Insurance policy provided by Bajaj Finserv under Pocket Insurance & Subscriptions. With this insurance policy, you can benefit from financial protection against human-made and natural happenstances such as–
Burglary – In case of financial losses due to damages caused by theft or burglary, the insured will be able to benefit from substantial financial coverage under a Insure your Refrigerator policy.
Aside from that, one can also opt for an insurance policy like the home protection cover to purchase financial protection against unplanned loss or damage caused to your valuables in your absence.
- Technical breakdown – The refrigerator insurance policy will provide financial coverage for expenses incurred to repair your refrigerator or for a replacement in case of malfunction due to mechanical or electrical issues.
- Accidental damage – Apart from the above issues, if your refrigerator is damaged due to any other unforeseen incidents, you can benefit from financial support under this insurance cover accordingly. Note that such damages are considered as explicit to fire and other special perils or burglary. Terms of coverage may vary between insurance providers and it is advisable to check them thoroughly first before making a purchase.
Aside from refrigerators, we also use a number of other kitchen appliances which play an essential role in our daily routine. Consequently, if any of these appliances are damaged, the outcome is just as inconvenient. The cost of repairing or replacing can be quite substantial, just as in case of a refrigerator. One can benefit from financial security against such untoward incidents by opting for a kitchen appliance insurance.
In order to make a claim under refrigerator insurance policy, you should contact your insurance provider as soon as possible after the occurrence of the incident. To avoid any confusion while making a claim, one should go through the insurance policy meticulously before applying for the same.