The structure is insured on a reinstatement value basis from the Silver plan onwards. The Bronze plan alone is insured on a market value basis.  Basis of coverage under both Contents & Appliances sections will be as given below.

Bronze – Fixed sum insured limits. Coverage on named peril basis with depreciation and per item limit.

Silver/Gold – Named peril basis with depreciation and per item limit.

Silver/Gold – Named peril basis with depreciation and with a 10% loading on premium rates for waiver of per item limit.

Platinum – All risks basis with depreciation and without per item limit.

Diamond – All risks basis with zero depreciation and without per item limit (Applicable only when the age of the insured item is up to 5 years.

Where the age of the insured item exceeds 5 years, depreciation shall be applicable)