Riot, Strike, and Terrorism Coverage in Home Insurance India

Unexpected events such as riots, strikes, and terrorist attacks can disrupt lives and cause severe damage to homes and personal belongings without warning.

Especially in densely populated areas of India, even properties located near such incidents can suffer losses due to these incidents. Thus, to safeguard homeowners against these unpredictable risks, the strikes, terrorism, and riot damage home insurance coverage acts as a financial shield.

In fact, recognising its importance, the Insurance Regulatory and Development Authority of India (IRDAI) has made this protection an in-built feature under the standard Bharat Griha Raksha Policy across all insurers across India.

What is Included in Strike, Terrorism, and Riot Damage Home Insurance Coverage? 

The section below highlights the coverage inclusion in the strike, terrorism, and riot damage home insurance.

Structural Repair and Reconstruction Costs

If a covered riot, strike, or terrorist incident causes significant structural damage to your property, the terrorism and riot damage home insurance coverage will help pay for rebuilding or repairing the insured structure. These structures generally include walls, windows, doors, or other structural components.

Coverage for Home Contents

Some home insurance policies also protect household contents damaged during riots, terrorism, or strikes. These items generally include furniture, appliances, electronics, furnishings, and personal belongings. However, you will receive compensation based on the policy coverage and declared sum insured.

Debris Removal Expenses

After these violent incidents, damaged materials and debris often need to be cleared before repairs can begin. This is why Riot, Strike, and Malicious Damage (RSMD) coverage in a home insurance policy covers debris removal and site-cleaning costs arising from insured events.

Temporary Alternative Accommodation

In case the home becomes uninhabitable due to covered riot or terrorism damage, certain insurers can provide compensation for temporary accommodation expenses until the property is restored.

Purchase the Bharat Griha Raksha Home Insurance Policy from Bajaj General Insurance now to protect your home against terrorism, strike, and riot. With our easy claim settlement process and 24/7 customer support, you will get complete assistance during any emergency.

Also Read: What is Homeowners Insurance? Who Needs One?

What is Excluded From the Strike, Terrorism, and Riot Damage Coverage in Home Insurance?

Now that you know what is covered in the terrorism or riot damage coverage in home insurance, let’s have a look at the key exclusions of the policy.

1. Damages caused by war, invasion, or military action are generally not covered under Strike, Terrorism, and Riot Damage coverage.

2. You will not get coverage if the losses arise from nuclear risks, radiation, or radioactive contamination.

3. Insurers do not cover Indirect losses, such as loss of rent, business interruption, or consequential financial losses resulting from these incidents.

4. Damages resulting from illegal activities or unlawful occupation of the property are excluded from the terrorism and riot damage home insurance.

5. Pre-existing damages before the riot or terrorism are not part of your home insurance policy cover.

Also Read: Types of Home Insurance in India

What Factors Must You Consider While Choosing a Home Insurance Policy With Terrorism, Strike, and Riot Coverage?

Here are the important factors you must consider while purchasing a home insurance policy with strike, terrorism, and riot damage coverage.

1. Claim Settlement Process: Since incidents like riots or terrorism are often unpredictable, you must ensure your insurance company offers a smooth and fast claim settlement process. This way, you can easily recover from the financial damage.

2. Coverage Type: Insurance companies mostly include the RSMD or terrorism covers as an add-on or in-built feature. Therefore, while purchasing a home insurance policy, if this coverage is not part of your policy, look for the add-on feature to include it in your policy.

3. Understand Deductibles: The compensation amounts in home insurance for terrorism or riot are generally subject to a deductible. This means you have to pay a certain amount out-of-pocket before your insurer covers the repair or replacement. Thus, you should choose a policy with a low deductible to reduce financial burden.

4. Policy Terms and Conditions: Review all the terms and conditions of your terrorism or riot damage home insurance carefully before purchasing to avoid any claim rejection in the future.

Also Read: Home Insurance Add-On Covers: Enhanced Protection for Your Most Prized Asset

Final Words

Strike, terrorism, and riot damage home insurance coverage plays a vital role in protecting your home against major financial loss. From covering the property structure to the home contents, having the right insurance coverage ensures your precious home regains its old self after these unforeseen events.

To protect your home beyond terrorism or riot, purchase the Householder Package Policy from Bajaj General Insurance. This policy will protect your home from financial losses resulting from fire, natural disaster, and theft, ensuring complete peace of mind.

Frequently Asked Questions

Can I get coverage for riot damage home insurance if my valuable items are stolen?

The coverage for valuable items, such as jewellery, paintings, and silverware, is only covered if you have the specialised valuable content add-on. However, this is not a part of the riot or terrorism cover.

Is it possible to add riot damage coverage after purchasing a home insurance policy?

Yes, you can often add riot damage coverage to an existing home insurance policy. You have to purchase a separate add-on for this coverage to include it in your existing policy.

Would I get coverage from RSMD coverage in home insurance if my property is damaged in my absence?

Yes, you will get coverage for RSMD (Riot, Strike, and Malicious Damage) even if you're not present in your home. However, if you leave your home abandoned for between 30 and 60 days without any prior notice to your insurer, there are chances of claim denial.

Can I get coverage for injuries in riot damage home insurance?

No, standard home insurance policies do not cover personal injuries to you or your family members resulting from riot or terrorism. This coverage is limited only to your property and contents. 

How to make a claim for riot, strike, and terrorism cover in a home policy?

To make a claim for riot, strike, or terrorism damage, immediately notify your insurer, file a police report (FIR), and secure the scene to prevent further damage. After the situation turns normal, submit your claim form, along with the required documents.

Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making any related decisions.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.