Your smartphone, laptop, camera, smartwatch, and personal belongings go everywhere with you — and so do the risks. Accidental drops, theft, fire, and electrical breakdown can strike anytime. The All Risk Policy covers portable gadgets, home appliances, jewellery, and antiques against loss, theft, fire, and breakdown — with worldwide cover for gadgets and premiums from just ₹100.
Lifestyle Insurance · All Risk Policy · Gadgets · Appliances · Jewellery · Antiques
Portable Equipment Insurance, marketed in India as the All Risk Policy, is a comprehensive cover for personal portable equipment, household appliances, jewellery, precious items, and antiques/fine art — all under a single flexible policy. Unlike standard home insurance which covers property only at your home address against listed perils, the All Risk Policy follows your belongings wherever they go — office, travel, gym, or internationally — and covers all causes of loss not specifically excluded, including accidental damage and electrical breakdown that home insurance and manufacturer warranties specifically exclude.
Mobiles, laptops, cameras, tablets, smartwatches, headphones, and personal belongings covered anywhere in the world against accidental damage, theft, fire, and breakdown.
WORLDWIDEACs, refrigerators, washing machines, TVs, dishwashers, and other home appliances covered anywhere in India including electrical and mechanical breakdown.
INDIA-WIDEGold, diamonds, platinum, and precious items covered in India (extendable worldwide) — while worn, at home, or in bank locker. Agreed value or market value basis.
JEWELLERYPaintings, sculptures, antiques, and collectibles on agreed value basis, covered anywhere in India with option to extend worldwide.
ART & ANTIQUESElectrical and mechanical breakdown is an inbuilt standard cover — not an add-on — for Categories 1 and 2. Sudden failure of appliances and gadgets is covered without extra premium.
E&M BREAKDOWNFor specific equipment categories, cashless repair is available at empanelled service centres. The insurer pays the repair centre directly without requiring upfront payment from you.
CASHLESSChoose One, Two, Three, or All Four — Combine Under a Single Policy
The All Risk Policy is structured into four distinct categories. Each has its own sum insured basis, geographic scope, and eligible items. You can buy any single category or combine multiple categories under one policy.
Yes — the All Risk Policy allows you to combine two or more categories under a single policy with one annual premium and one renewal date. A typical combination: Category 1 (mobiles, laptop, camera) + Category 2 (AC, refrigerator, TV) + Category 3 (jewellery). Each category has its own sum insured and geographic scope. Premiums are calculated per category and totalled. Call 022 4302 0000 for a combined multi-category quote tailored to your household’s specific items.
All-Risk Cover — What the Policy Pays For Across All Four Categories
The All Risk Policy covers every cause of loss or damage not specifically excluded — the full spectrum of risks your equipment faces in daily use, travel, and storage.
| Covered Peril | Cat 1 — Gadgets | Cat 2 — Appliances | Cat 3 — Jewellery | Cat 4 — Antiques |
|---|---|---|---|---|
| Accidental damage | ✓ | ✓ | ✓ | ✓ |
| Theft / burglary | ✓ | ✓ | ✓ | ✓ |
| Fire / lightning | ✓ | ✓ | ✓ | ✓ |
| Natural calamities | ✓ | ✓ | ✓ | ✓ |
| Riot / malicious damage | ✓ | ✓ | ✓ | ✓ |
| Elec. & mech. breakdown | ✓ Inbuilt | ✓ Inbuilt | ❌ | ❌ |
| Transit damage | ✓ | ✓ | ✓ | ✓ |
| Geographic scope | Worldwide | India only | India (extendable) | India (extendable) |
| Cashless repair | ✓ Specific items | ✓ | ❌ | ❌ |
| Indemnity basis | Market value (BER) / Repair | Market value (BER) / Repair | Agreed/Market value | Agreed value |
Optional Extensions Available at Additional Premium
The base All Risk Policy already includes electrical and mechanical breakdown as standard. Two optional add-on extensions are available for specific needs.
The standard All Risk Policy excludes losses caused by acts of terrorism and sabotage. This optional endorsement extends coverage to include material damage (physical damage to the insured item) caused by terrorist acts and sabotage. It covers the material damage to the insured equipment only — not third-party liability or consequential losses. Available for any of the four categories at an additional premium calculated on the sum insured. Recommended for business-use equipment and high-value items in areas with elevated risk.
Applicable exclusively for insured cameras: if your insured camera is damaged in a covered event and is under authorised repair, this add-on covers the cost of renting an equivalent substitute camera for up to 30 days while your camera is being repaired. The rental reimbursement is limited to the maximum period of 30 days per claim. Useful for professional photographers and videographers who depend on their camera for income-generating work. Available at additional premium on the camera’s sum insured.
For specific equipment categories — primarily mobile phones, laptops, and home appliances — the insurer maintains arrangements with authorised service centres and repair networks for cashless claim settlement. Under the cashless facility: you take the damaged equipment to the insurer’s empanelled authorised service centre; the insurer’s surveyor or the centre assesses the damage and raises a repair authorisation; the insurer pays the service centre directly for the covered repair; you pay only for non-covered items such as consumables, accessories, or repair of pre-existing damage if any. Cashless availability varies by equipment brand, category, insurer, and city. Call 022 4302 0000 to confirm empanelled service centres in your city before submitting a gadget or appliance repair claim — non-empanelled repairs require the standard reimbursement process.
How Your Claim Amount Is Calculated
Understanding the basis of indemnity before you buy prevents unpleasant surprises at claim time. The calculation method differs between partial losses, total losses, and agreed-value categories.
When the insured item is damaged but can be economically repaired: the insurer pays the actual reinstatement or repair cost to restore the item to its pre-loss working condition. For gadgets: the authorised service centre’s repair bill for parts and labour. For appliances: the technician’s charges and spare parts cost from an authorised service centre. Always get a formal written repair estimate from an insurer-approved or authorised service centre before proceeding with repair — this forms the basis of your claim. Do not have the item repaired before the insurer’s surveyor has inspected it unless you have prior written authorisation.
When repair is not possible or the repair cost exceeds the economic repair threshold, the item is declared Beyond Economic Repair (BER). For Categories 1 (gadgets) and 2 (appliances), the insurer pays the current market value of the insured item on the date of loss — the price a buyer would pay for an equivalent item in similar pre-loss condition in the second-hand market. This includes age-related depreciation. The original invoice price you paid when new is NOT paid. Example: a laptop purchased for ₹80,000 two years ago may have a current market value of ₹45,000 — the BER settlement is ₹45,000, not ₹80,000. Ensure your sum insured reflects replacement value to avoid shortfall.
For Category 3 (jewellery) and Category 4 (antiques/fine art) insured on agreed value basis: if total loss occurs, the full pre-agreed sum insured for that item is paid — without depreciation, without market value argument, as agreed and recorded in the policy schedule at inception. This is why agreed value basis is essential for irreplaceable high-value items. Example: a diamond necklace insured at ₹8 lakh agreed value is stolen — ₹8 lakh is paid in full. Agreed value must be supported by a professional valuation certificate or purchase invoice at policy inception.
If the replacement cost or market value of your insured item exceeds the sum insured at the time of loss, you personally bear the difference proportionately — this is underinsurance. Example: laptop insured at ₹60,000 (purchase price 3 years ago), current replacement cost ₹85,000. If total loss occurs, the insurer pays ₹60,000 and you pay ₹25,000 out of pocket. For jewellery and antiques, rising gold prices and artist appreciation can rapidly make your agreed value stale. Review all sums insured at each annual renewal and update when values have materially changed. Call 022 4302 0000 at renewal for guidance on appropriate sum insured levels.
What to Do When Your Insured Equipment Is Lost or Damaged
Claims under the All Risk Policy are straightforward. The key rules: notify promptly, report to authorities where applicable, and do not repair or dispose of damaged equipment before the insurer’s surveyor has examined it.
Contact Probitas Insurance Brokers immediately on 022 4302 0000 upon discovering the loss or damage. We will notify the insurer on your behalf and guide you through the next steps. For theft or burglary: file an FIR at the nearest police station before anything else. For fire damage: obtain a fire brigade report where applicable. Prompt notification is a policy condition — late notification can affect your claim.
Report the loss to appropriate authorities and obtain official report numbers: police (FIR number for theft/burglary/riot); fire brigade (report number for fire damage); building security or housing society (report for burglary from premises). These official reports are mandatory documents for your insurance claim and must be obtained as soon as possible after the incident.
Complete the insurer’s claim form with full and accurate disclosure: date, time, place, and cause of loss; description of the item and its condition before loss; description of how the damage or loss occurred; and your own photographs of the damaged item. Attach all available supporting documentation. Do not have the damaged item repaired or disposed of before the insurer’s surveyor has inspected it unless you have prior written authorisation from the insurer.
Submit the complete document set to the insurer through Probitas: claim form, FIR or fire brigade report, purchase invoice and original warranty card with customer signature, formal repair estimate from authorised service centre, photographs of the damage, and valuation report (for jewellery and antiques). The insurer may request additional specific documents based on the category and nature of claim.
Provide full cooperation to the insurer’s surveyor for inspection and investigation of the claim. The surveyor will assess the damage, verify the item’s details against the policy schedule, determine the cause and extent of loss, and confirm the basis of settlement. Once the survey is complete and all documents are approved, the claim is settled as per the indemnity basis applicable to the category.
What Is NOT Covered
Although the All Risk Policy covers a wide range of perils, specific exclusions apply across all categories. Review these carefully before purchase to ensure your specific risk scenarios are covered.
Loss or damage caused by delay, detention, or confiscation by customs authorities or any other governmental authority is excluded. Items seized by government order are not covered regardless of the reason.
Items that simply cannot be accounted for — disappearances with no identifiable cause, no theft report, and no explanation — are excluded. Theft requires evidence of forced entry or a police complaint.
Damage caused by prolonged exposure to humidity, aridity, excessive heat or cold, or exposure to light over time is excluded. This covers gradual environmental deterioration rather than sudden events.
Cosmetic damage that does not affect the functioning of the equipment — dents, surface scratches, broken plastic on non-functional ports, cosmetic screen marks — is excluded if the item still functions normally.
Loss or damage arising from war, warlike operations, foreign enemy acts, civil war, rebellion, insurrection, military power, seizure, or confiscation by any government or authority is excluded across all categories.
Any damage deliberately caused by the insured person, their family members, or any person acting at the insured’s direction is excluded. The policy protects against accidents, not deliberate acts.
Defects that existed at the time of manufacture or inherent design flaws are excluded from the All Risk Policy — these are warranty matters between you and the manufacturer, not insurance claims.
Loss, corruption, or destruction of software, data, programmes, or digital content is excluded. The policy covers the physical equipment only — not the digital content stored on or running on the insured device.
Business interruption, loss of income, loss of use, cost of temporary replacement beyond the specified add-on (cameras only), or any other financial loss arising as a consequence of equipment damage is excluded.
Any damage, defect, or condition that existed at the time of policy inception and was not disclosed to the insurer is excluded. All known damage must be declared and noted in the schedule at policy start.
The information and product comparisons displayed on this platform are intended solely for general informational and evaluation purposes, and do not constitute a legal offer or binding insurance contract. Specific policy features, premium rates, riders, and underwriting guidelines are determined exclusively by the respective general insurance carriers and may vary significantly based on the insurer, product tier, and location across multiple Indian states. All quotes and premium calculations generated on this website are indicative estimates based on preliminary data and do not guarantee final underwriting approval or policy issuance by the insurer. For comprehensive details regarding specific coverage terms, limits, and permanent exclusions, please refer directly to the official sales brochure and policy wording issued by the respective insurance company, which will take absolute legal precedence in the event of any discrepancy or dispute.
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By submitting you agree to our Privacy Policy and Terms & Conditions. All Risk Policy is subject to individual underwriting and insurer acceptance. Premiums vary by item type, value, and coverage scope. Refer to the policy wording for complete terms. Probitas Insurance Brokers Pvt. Ltd. · IRDAI Lic. No. 528.