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Renters Insurance

Renters insurance is an affordable insurance instrument for tenants to cover their personal property against unexpected damages and losses from perils like fire, burglary, natural calamities, and allied perils. Thus assuring security, protection and peace of mind for the tenants.


What does Renters Insurance cover?

Renters insurance covers one’s belongings including furniture, clothes, appliances, electronics against fire, lightning, explosion, riot, strike, malicious damage, cyclone, flood, inundation, bursting and / or overflowing of water tanks, leakage form automatic sprinkler installation rent for alternative accommodation. Also Burglary (of contents) and Personal accident to the tenant can be taken as additional covers.


Protect your personal belongings

Your landlord's home insurance is very likely to cover the rented property and not your belongings. But renters insurance covers it all from clothes and furniture to electronics and more. You're reimbursed up to the monetary value of the item.


Get coverage for accidents

Get coverage for disability and/or death caused by an accident during the coverage period


Cover your accommodation expenses

Get coverage for your alternate accommodation if your existing premise is unfit to stay due to an event covered under your fire policy, and need a place to stay while your rental premises get repaired


Buyer Education

The Renters insurance is an affordable insurance cover, that is a combination of personal and property insurances tailored for the tenants needs and necessities. The renters insurance includes Standard Fire & Special Perils Insurance, Burglary Insurance and Personal Accident Insurance. More customization will be possible in the near future.

Yes, the renters insurance is both for residential and commercial tenants. For the commercial users usually have more declarations compared to the residential tenants.

Fire, Lightning, Explosion, Aircraft damage, Riot, Strike, Malicious damage, Storm, Tempest, Flood, Inundation, Subsidence / Landslide including rockslide, Bursting and / or overflowing of water tanks, Leakage form Automatic Sprinkler Installation.
Riders: Earthquake, Loss of Rent, Omission to insure, Rent for alternative accommodation

Loss or damage to the property insured by theft following upon actual, forcible and violent entry into the premises.

Any accidental damage resulting in disability and/or death of both the insurer and also the family member would be covered

Policy will be issued within 3 working days from the payment of premium and the policy will be active within 1 working day from the date of payment.

Yes, with intimation to Insurer 30 days prior

You can renew it in the same process annually.

Increase can be done anytime during the policy period whereas for decrease, it should be done at the time of renewal.

Paymatrix will perform the support function and liaison with Insurance Brokers

Please contact the any one of the below numbers to start the claim procedure

  • Toll Free Number mentioned on policy
  • Or Contact Paymatrix
  • Or Contact our partner ( number will be updated shortly )
Claim can be intimated to all the above or anyone to lodge claim. Meanwhile, Fire station/ Police Station can be approached.

Contact Number will be updated shortly

Route the issue through our partner ( contact number will be updated shortly)

No, the consent of your landlord is not necessary to subscribe to Renters Insurance

Furniture’s and Fixtures, Electronic Equipment, Electrical Installations and any other item related to your trade

No, cash is not covered in the fire policy, if you would need coverage a separate policy to be taken

Intimation ( loss to be notified ) should be within the 24 to 48 hours. Claim should be submitted Within 15 days from the date of the occurrence of the incident

Residential
     There are no deductibles for the residential users
Commercial
     There will be deductibles from the loss.
     e.g. Sum Insured/Coverage : Rs. 10,00,000 /-
     Loss Amount : Rs. 1,00,000 /-
     Deductible : Rs. 10,000 /- ( 5% of the claim or Fixed of 10K, whichever is higher)
     Claim payable : Rs. 90,000 /-

Renters' Insurance

Renters insurance is an affordable insurance instrument for tenants to cover their personal property against unexpected damages and losses from perils like fire, burglary, natural calamities , and allied perils

What does Renters' Insurance cover?

Renters insurance covers one's belongings including furniture, clothes, appliances, electronics against Fire, Explosion, Riot, Strike, Malicious damage, Flood, Inundation, Bursting and / or overflowing of water tanks, Leakage form Automatic Sprinkler Installation Rent for alternative accommodation. Also Burglary (of contents) and Personal accident to the tenant can be taken as additional covers.




Protect your personal belongings

Your landlord's insurance is very likely to cover the rented property and not your belongings. But renters insurance covers it all from clothes and furniture to electronics and more. You're reimbursed up to the monetary value of the item.



Get coverage for accidents

Get coverage for disability and/or death caused by an accident during the coverage period.



Cover your accommodation expenses

Get coverage for your alternate accommodation if your existing premise is unfit to stay due to an event covered under your fire policy, and need a place to stay while your rental premises get repaired.



Buyer Education:

Fire, Lightning, Explosion, Aircraft damage, Riot, Strike, Malicious damage, Storm, Tempest, Flood, Inundation, Subsidence / Landslide including rockslide, Bursting and / or overflowing of water tanks, Leakage form Automatic Sprinkler Installation.
Riders: Earthquake, Loss of Rent, Omission to insure, Rent for alternative accommodation.

Loss or damage to the property insured by theft following upon actual, forcible and violent entry into the premises.

The policy covers the insured in respect of any direct financial loss which he may suffer as a result of employees dishonesty. The policy covers the insured in respect of any direct financial loss which he may suffer as a result of employees dishonesty.

Compensation to the Insured to the extent of the intrinsic value of the property (Gold, silver ornaments, jewellery, watches, cameras and other valuables) of the Insured or member(s) of his family, so lost, destroyed or damaged.
This coverage cannot be taken on standalone basis i.e., should be clubbed with Standard coverage.

Any accidental damage resulting in disability and/or death of both the insurer and also the family member would be covered.

Policy will be issued within 3 working days from the payment of premium and the policy will be active within 1 working day from the date of payment.

Yes, with intimation to Insurer 30 days prior.

You can renew it in the same process annually.

Increase can be done anytime during the policy period whereas for decrease, it should be done at the time of renewal.

Paymatrix will perform the support function and liaison with Insurance Brokers.

Please contact the any one of the below numbers to start the claim procedure

  • Toll Free Number mentioned on policy
  • Or Contact at Pay Matrix
  • Or Aon Global Contact

Claim can be intimated to all the above or anyone to lodge claim. Meanwhile, Fire station/ Police Station can be approached.

Aon Global Insurance Brokers – SPOC to be provided.

Route the issue through Aon Global Insurance Brokers (SPOC).

No, the consent of your landlord is not necessary to subscribe to Renters Insurance

Furniture's and Fixtures, Electronic Equipment, Electrical Installations and any other item related to your trade.

No, cash is not covered in the fire policy, if you would need coverage a separate policy to be taken.

15 days from the date of the occurrence of the incident.

No there are no claim processing fee.

Residential
There are no deductibles for the residential users.
Commercial
There will be deductibles from the loss .
e.g. Sum Insured/Coverage :Rs.10,00,000 /-

  • Loss Amount :Rs.1,00,000 /-
  • Deductible :Rs.10,000 /- (5% of the claim or Fixed of 10K, whichever is higher)
  • Claim payable :Rs.90,000 /-

Fire, Lightning, Explosion, Aircraft damage, Riot, Strike, Malicious damage, Storm, Tempest, Flood, Inundation, Subsidence / Landslide including rockslide, Bursting and / or overflowing of water tanks, Leakage form Automatic Sprinkler Installation.
Riders: Earthquake, Loss of Rent, Omission to insure, Rent for alternative accommodation