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Tata AIG Private Client Group (PCG) Home Insurance — Ultimate Protection for Luxury Homes
If you own a luxury home or manage valuable collections, Tata AIG’s Private Client Group (PCG) Home Insurance offers comprehensive, global, all-risk protection with simplified requirements and concierge claims support — built for high net worth individuals who expect fast settlement and minimal paperwork.
Why PCG is the best choice for high net worth homeowners
- One policy for multiple residences: Insure several properties across India under a single policy — makes administration and renewals simple.
- Minimal itemisation: For many sections (furniture, general contents, collectibles), you only need to declare a total sum insured — no exhaustive listing.
- All-risk protection for fine art & valuables: Worldwide cover, market appreciation benefits and special protection for newly acquired items and high-value pieces.
- Comprehensive equipment cover: Complex systems such as lifts, generators, water treatment plants, sauna/steam systems and central HVAC are included when declared.
- Concierge claims service: Dedicated Private Client Group claims team, 24/7 relationship manager availability and global repair assistance for items that cannot be serviced in India.
What the policy covers — simplified
- Home building & fixtures: Fire & allied perils, earthquake, terrorism, flood, storm, impact damage, subsidence (with standard conditions) and more.
- Home contents: General contents (furniture, electronics) and Valuable contents (jewellery, works of art) under optional agreed-value schedules.
- Fine art & valuables (All Risk): Scheduled and unspecified items insured on an all-risk basis. Market appreciation (up to 150%), newly acquired cover, care & custody cover and death-of-artist protection are available as built-in/additional benefits.
- Personal accident: Death benefit for homeowner and spouse following an insured peril.
- Extra protections: Lock replacement, loss of passport/ID, food spoilage, data replacement, landscaping and precautionary repairs — many available as built-in covers without extra premium.
Claims & servicing — what to expect
High net worth customers need swift, dependable service. Tata AIG’s PCG offering includes a dedicated claims team and relationship managers to coordinate inspections, repairs and settlements. For valuables that cannot be repaired locally, the insurer arranges and pays for overseas repairs subject to policy terms.
Common exclusions & practical considerations
To make the most of your PCG cover, be aware of standard exclusions and conditions:
- Wear & tear, gradual deterioration, inherent defects and mechanical breakdown are generally excluded.
- Specific limits and excesses may apply to categories such as jewellery kept outside a safe or bank vault — check the schedule carefully.
- Mysterious disappearance and unreported thefts often require special handling and supporting evidence.
- Temporary worldwide cover for valuables may require notification and limits for items taken abroad.
How to pick the right sums insured & optional covers
- Calculate cost of reconstruction: For the building, use prevailing local construction rates x carpet area.
- Itemise high-value pieces: For fine art and specialist valuables, schedule individual items with recent valuations to access market appreciation benefits.
- Choose agreed-value for jewellery & watches: Agreed-value avoids depreciation and streamlines claims for irreplaceable items.
- Declare complex systems: Generators, lifts, central HVAC, water plants and home automation should be specified so accidental damage and breakdown cover applies where eligible.
FAQ — quick answers
Q: Can I insure multiple homes in different cities on one policy?
A: Yes — PCG supports multiple properties within India under one policy for easier management.
Q: Are my antiques covered while I travel abroad?
A: Valuable articles that accompany you can be covered worldwide subject to the category limits and any notified conditions.
Q: Do I need invoices for newly acquired jewellery?
A: For limited value thresholds, PCG may waive invoice requirement for newly acquired items — but high-value scheduling and valuation is recommended.
Bottom line — who should buy this?
If you are an HNI seeking a single, trustable plan to protect multiple luxury residences, cherished art collections, jewellery and complex home systems — with minimal fuss and fast claims — Tata AIG’s Private Client Group Home Insurance is built for you.
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