What is Shoe Insurance?

From creating the right impression to standing out within a crowd, the right pair of shoes can take you places. The cost for the right pair of shoes can be quite high, depending on the fit, quality and your specific use case. However, the financial risks of accidental damage or theft of expensive shoes can be quite high.

 

Get financially covered against these risks by taking an insurance for shoes that covers you against losses or damages arising from unforeseen circumstances. With Bajaj MARKETS, you can get an extensive coverage for shoes at just Rs. 199/year. 

Key Features of Shoe Insurance

Here are the features of Shoe Insurance that make it a must-have plan for owners of expensive shoes. 

Affordable Premium for a Year

Bajaj MARKETS has made this particular insurance policy available for a nominal membership fee of just Rs. 199 per annum.

High Coverage Amount

As a policyholder, you can get coverage for expenses up to Rs. 10,000, incurred due to losses and damages.

How to Apply for Shoes Insurance?

If you’re planning to apply for a shoe or sneaker insurance, all you need is to follow these few simple steps:

  • Click on Buy Now

    Once you’re on the Shoe Insurance product page, tap on 'Buy Now’.

  • Fill the Application Form

    Fill up the application form and enter the OTP to complete the submission.

  • Make the Payment

    Pay through available online payment options to complete your application.

 

Note: After this, you will receive all the membership details on your registered email address.

 

What’s Covered?

Under this insurance for shoes, here’s what will be covered:

  • Accidental Damage Cover

Any damage or loss to your shoe due to accidents will be covered under this shoe insurance policy.

  • Coverage against Fire and Special Perils

Damage or loss to your shoe due to fire, riots, strike, or any sort of natural disaster is covered by this policy.

Policy Details and Specifications

All details about this shoe cover are presented in the table below:

Membership Fee

Coverage Limit

Payment Modes

Rs. 199

Rs. 10,000

Net Banking, Credit or Debit Cards, or via any UPI

Note: Once the 1-year validity of this plan is over, policyholders have to repurchase it to continue getting its benefits.

Apart from this, policyholders should also have a detailed knowledge of what is not included in this policy plan and if deductibles are applicable or not.

What’s not Covered?

The shoe insurance policy does not cover the following things:

  • Delay in insurance application

One must purchase this insurance plan within 30 days of buying the shoe, as per the invoice date.

  • Damage or loss due to pollution

Your shoe insurance policy will not offer coverage in case of shoe damage due to high pollution or ecological contamination.

  • Loss or damage due to terrorism

The plan will not provide coverage for any form of loss or damage that happens to your shoe under the influence of terrorism.

How to Make a Claim

Policyholders can make a claim by following any of the below-mentioned methods:

  • Call

Policyholders can easily call on 1800-419-4000 to make a claim in the event of accidental loss or damage of your shoes.

  • Email

You can choose to email at bagichelp@bajajallianz.co.in to raise a claim for Shoe Insurance

  • Website

You can directly visit the official customer service website

Apart from this, policyholders can also mail at Bajaj Allianz General Insurance Co. Ltd. – Bajaj Allianz House, Airport Road, Yerwada, Pune – 411006

Documents Required for Processing the Claim

The following documents are essential for raising a claim:

  • Original or a copy of the invoice or bill

  • A complete and accurately filled claim form

  • An FIR copy in case of theft or burglary

Furthermore, policyholders can directly get in touch with the shoe insurance customer care for additional assistance.

Shoe Insurance Customer Care Details

Policyholders can directly contact Bajaj MARKETS by writing to insuranceconnect@bajajfinservmarkets.in.

Frequently Asked Questions About Shoe Insurance

  • ✔️What is the premium for the plan?

    The premium is only Rs. 199 for a year.

  • ✔️How much is the maximum coverage amount under Shoe Insurance?

    The maximum coverage amount available is up to Rs. 10,000.

  • ✔️Is there any policy excess applicable to the plan’s claim amount?

    Yes, policy excess is applicable. On each claim, 5% is the deductible amount. 

  • ✔️How will I understand if I have successfully submitted the Shoe Insurance policy application?

    You will receive confirmation of your application through an email at your registered email address. 

  • ✔️What are the essential documents required for raising a Shoe Insurance policy claim?

    Shoe invoice copy, FIR copy (in case of theft), and fire brigade report (in case of fire).