Therefore, you should go through the policy terms, including the exclusions applicable, and understand them .
Can I buy travel insurance even for rail journeys, or am I automatically covered by the railways?
Travel insurance is currently limited to providing cover for air travel and road travel by bus. However, one can avail oneself of a personal accident policy, which provides cover to the insured in case of accidental death or disability regardless of the mode of travel.
How can I buy insurance for ornaments put in a locker?
Your ornaments can be insured by way of a home insurance policy, which provides a separate cover for the contents kept in the house. You need to check with the insurance company regarding the extent of cover, since it is subject to a limit.
I mistakenly bought two insurance policies for the same car. Can I transfer one of them to my second car?
Yes, you can transfer one policy to your second car. A policy availed on a particular vehicle can be transferred to another vehicle of the same class for the balance period of the policy.
As insurance companies use vehicle-related factors, such as model and vehicle age, for premium computation, the policy transfer to your second car may lead to a premium adjustment (additional premium or refund).
The writer is ED, ICICI Lombard
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