Al Musaned Home Contents

Al Musaned HOME CONTENTS INSURANCE

Why do you need Al Musaned ”Home Contents Insurance“?

Al Musaned” HOME CONTENTS Insurance provide you with peace of mind and financial protection against damage to, or the loss of, contents in your home. OAB customers can create a "safety net" for their Valuable Home content by selecting “Al Musaned” HOME CONTENTS INSURANCE that will provide the resources for them to carry on.

WHAT ARE THE SPECIAL FEATURES

Insured Premises :Flats , Premises , Town Houses , Villas of not less than First Class Construction ( Walls of cement / Bricks in Cement plastering / Roof of RCC ).Used for residential premises only.

Insured Property: Furniture, Fixtures, Home Appliances (including Air Conditioners & Washing Machines), Entertainment Equipment ( including TV sets & Home Theatre Systems ), Kitchen Appliances, Utensils & equipments, Crockery, Furnishings, Bed-room Linen and personal effects.

Insurance period: 12 months from date to be agreed

Material Damage Section: Loss / Damage to Insured Property by one or more STF Perils (cover for 50% of Sum Insured).
Rent for Alternate Accommodation
Expenses for shifting the contents
Repair/Replacement of External Door/External Windows / Alarm System / Safe.
Replacement of lock of car or Wheel Drive .
Cost of replacement of lock of the main door or safe.
Expenses for Cleaning up and Debris Removal.
Cost of Architects, Surveyors and Consulting Engineers fee .
Expenses towards Fire Brigade and other Extinguishing.
Expenses for obtaining duplicate copies / Reissue of Driving Licenses, Passport, and Identity Card.
Loss or Damage to Home Contents by a Standard Peril whilst at a different premises within the Sultanate of Oman.
Loss or Damage to personal effects by a Standard Peril.

SUBJECTIVITIES :Cover only for locations / premises free of loss incidents by a proposed peril over 2 years immediately preceding the period.
Individual items valued more than RO.300/-to be specifically declared.
Jewelers and valuables covered up to RO.300/- per item and RO.2, 000/- in aggregate (Claims admissible only subject to ROP Report and proof of ownership and value).

Cover in respect of STF perils under Material Damage Section Limited to 50% of the chosen Sum Insured Limit.

Premium

Cover	Limit in Aggregate (all amount in OMR)
	Option - 1	Option - 2
MATERIAL DAMAGE TO INSURED PROPERTY a Material Damage by Standard peril b Meterial Damage by STF peril	10,000 5,000	20,000 10,000
Premium (Inclusive of Govt. Levies & Documentation charges)	30.000	45.000

Additional Provisions:

Alterations and repair work allowed but Hot Works excluded
Automatic reinstatement of Sum Insured – one reinstatement at prorates terms.
Improvement and Betterments effected by the Insured at the insured premises covered under the policy.
Services and utilities like water, Drainage, Sewerage, Gas, Electricity and / or Telephone pipes, Cables, Meter and Instruments covered under the policy.
72 hours Clause applicable for STF Perils

General Exclusions

The Insurance covers provided are subject to Policy Exclusions including but not to the following Clauses which shall apply on the policy

War and Civil War Exclusion Clause
Nuclear Exclusion Clause
Nuclear Energy Risks Exclusion Clause
Terrorism Exclusion Clause
“IT” Clarification Exclusion Clause
EMF / EMR Exclusion Clause
Emerging Risk Exclusion Clause
Asbestos Exclusion Clause
AIDS Exclusion Clause
Pollution and Contamination Exclusion Clause
Electronic Date Recognition Exclusion Clause

Documentation

- Proposal Form
- Photo copy of Identification ( ID Card /Passport)
- First Premium Payment Instrument (Cheque/OAB fund Transfer slip/Standing instruction)
- Renewal premium (Standing Instruction)

Disclaimer: The above information is just indicative in nature and for more details on the coverage, terms and exclusions please read policy document.