ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A standard homeowner policy covers all electronic equipment in the house, and televisions are included. Many people question is broken TVs covered under homeowners’ insurance. The answer is yes.

Detailed explanation-2: -Homeowners insurance covers personal property loss-including broken or stolen TVs-when it’s caused by a covered peril, including fire, lightning, and vandalism. But if your TV falls off your wall or it simply stops working, you likely won’t be covered.

Detailed explanation-3: -Generally speaking, almost all consumer electronics are covered under renters insurance. Items like your TVs, your home computers and video game consoles are covered by the personal property provisions of your renters insurance policy.

Detailed explanation-4: -Home contents insurance covers everything in your house against theft, fire, malicious or weather damages (storms, flooding, lightning). If you would like these items to be covered for accidental damage as well – e.g. if you spill coffee on your expensive sound system – then additional optional cover can be taken out.

Detailed explanation-5: -If you want financial protection against car theft, you’ll need to purchase the Comprehensive Insurance Plan. The plan also covers other types of liabilities such as damages due to natural or man-made calamities, fire, damages that are beyond repair, or accidents, along with third-party liabilities.