Professional indemnity insurance for architects is a liability insurance which covers the architectural firm and its employees against claims arising from negligent acts and errors and omissions in the performance of architectural services.
By opting for architects’ professional indemnity Insurance, it is viable to restrict the monetary loss which otherwise you would have to bear on your own. Usually, a professional indemnity insurance for architects include the following:
Why do I need a Home Insurance?Buying a home insurance in India will provide you financial stability in the event of damage. In exchange for premium, the insurance company gives you assurance that they will take care of any losses like natural calamities, missile test damage, fire, burglary, etc that might occur due to damage to your property.
For how much time can I take the Policy?From a minimum of 3years to 30years.
What are the eligibility criteria to buy a home insurance?For Individuals - Any resident Indian who is the owner or occupant of the property For Society - Any authorized member of society's managing committee can buy policy to cover society building & common utilities.
Does the Insurance Policy covers "Rent Loss"?Yes
What if I sell the property during the Insured Period?You can cancel the policy and take the proportionate premium back.