Television has become an integral part of our lives today. With the advent of technology, people are looking for clever types of TV, which are also more expensive. However, to overcome any risks and problems associated with such devices, TV insurance is a must.
What is TV Insurance?
LCDs, LEDs and Smart TVs are some of the most popular types of television today. In many respects, these TVs are quite expensive. Any injury or TV exposure can mean huge financial losses. TV insurance protects against incurring losses due to risks associated with a more expensive product such as a television.
Types of TV Insurance
Once the warranty period has expired, TV insurers may consider the risks associated with a television set. There are two types of TV insurance, namely
An individual program that covers only the risks associated with the television set and the horns attached to it
An integrated package that includes expensive products (including TV) and is called Product Insurance
Things Covered under TV Insurance
Includes losses and damage caused by a television set by
Violent attacks such as riots
Burglary and burglary
Deterioration of equipment or electricity
Natural disasters such as hurricanes, earthquakes, hurricanes
Fire, lightning, home gas explosions
Includes third party liabilities that could result in death, physical injury through TV or any other product-related material
Some insurance companies also offer accident insurance for a TV set
Not Covered things
TV insurance covers a wide range of categories and areas; however, the policy does not cover specific conditions, also called discharges / some of these cases are:
Nuclear accidents, terrorist attacks, and wars
Repair, demolition, or construction of the set
Errors exist while purchasing the policy
Debts are not allowed to be covered by insurance at the beginning of the policy
If the TV can be stolen but only the antenna is stolen
Dressing and sadness caused by common atmospheric conditions
How Does TV Insurance Work?
TV insurance is gaining importance because of the rising prices of TV sets. The key steps involved in obtaining this insurance policy and resolving a claim are:
Apply for insurance after buying a set
Provide a hard copy of the purchase receipt, warranty card and full details of the TV set
A copy of the insurance confirms the details and approves the application
In the event of an unforeseen occurrence (for example, theft or cracked screen), the applicant informs the insurance company
A company representative visits the site and confirms the claim
If the claim falls under the policy, the claim is accepted
The claim is paid and the money is sent to the policy owner's bank account
Procedure to claim TV Insurance in India
In the event of an incident, you will need to apply to the insurance company. You must know the correct procedure to avoid any claim rejection. The required steps to follow to process an application are:
The insurer should notify the insurer immediately of any misconduct. They can call the same 24 * 7 customer care number. They can also visit the company office to get closer to the loss
Submit the relevant documents to the branch office of the insurance company
A company representative visits the house to check the condition of the TV
If the damage is covered under the policy, the claim is paid and the money is paid into the beneficiary's bank account.
Required documents for processing claim
In the event of a need to make a claim, the policy officer must submit the following documents for a refund:
Copy of policy
Buy a TV receipt
Correct debts after the end of work
Evaluate costs and repair details
Any other document as required by the insurance company.
How long does it take to pay the claim?
An application for TV insurance is paid within 30 days. If an insurance company needs any specifications, it needs to do so within the stipulated time.
List of Companies that provides TV Insurance in India
TV insurance is on the rise today. Some of the companies that offer this insurance in India are:
General trust insurance
United India Insurance
TV insurance is only paid if it is properly maintained and there is no deliberate negligence from the end of the user. You should keep in mind all the important points before buying TV insurance:
Adjustments should only be made to authorized service centers
Read the warranty policy, terms and conditions
Installing a TV in an area where the chances of accidents are low
Obtaining a transparent policy that provides complete protection, with clearly defined terms and conditions.
Benefits of Buying TV Insurance
TV insurance should take into account the fact that modern life depends heavily on expensive television sets. Some of the key benefits of purchasing this policy are:
The constant worry about any expensive television damage is gone
With the cost of repairs covered, insurers should not invest in buying a new TV
It protects not only the TV but also the airwaves and property damage caused by it within the policy owner's area.