Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Under the Householders Package policy, can a single amount be taken for all the contents of the household ?

April 26, 2017Contents household householders package policy

0

Posted

Under the Householders Package policy, can a single amount be taken for all the contents of the household ?

1 Answer

0

Posted

A single amount can be taken for all the contents only if the value of any single item exceeds 5 percent of the amount of insurance and the same is to be declared separately otherwise the value of that item will be considered of a maximum of 5 percent.