Covering you from the ground to the top and everything in between
Fire And Allied Perils Including Burglary
Fire and Allied Perils policy safeguards the insured against unforeseen contingency caused by accidental fire,…
Property All Risk
The Property All Risks Insurance Policy offers wider coverage than Fire and Allied Perils by…
Business Interruption Loss Of Profits Insurance
Business interruption insurance is a type of insurance that covers the loss of income that…
Fire And Allied Perils Including Burglary
Fire and Allied Perils policy safeguards the insured against unforeseen contingency caused by accidental fire, lightning, explosion/implosion, natural calamities like storm, cyclone, flood etc, theft and loss or damage due to malicious acts.
Fire Insurance is designed to cover wide range of properties including Buildings, Machineries, Stocks, Furniture, etc.
The premium is determined by considering mainly the quality of construction of buildings, operational hazards, level of safety and protections.
This Insurance is designed to cover your properties against loss or damage caused by specific perils, subject to exclusions mentioned in the Policy.
The property to be insured may consist of the following physical assets:
Fire and Allied Perils Policy covers various other risks in addition to the risk of Loss or Damage by Fire. The same are summarized below:
The policies are extended to cover other risks such as damage caused by Explosion / Implosion, Electrical Appliances under the Alternative Electrical Clause, earthquake, shock & fire and also Burglary by forcible and violent entry or exit from the premises.
The following extensions are also available under the Policy:
Main Exclusions:
The Policy cover excludes any loss or damage happening due to the following:
Property All Risk
The Property All Risks Insurance Policy offers wider coverage than Fire and Allied Perils by covering accidental physical loss of or damage to the Property Insured whilst situated at the premises described in the policy, everything is covered other than the exclusions, defined in the wordings.
(The Policy is Subject to Satisfactory Risk Inspection and compliance of Recommendations if any.)
Property Insurance is designed to cover wide range of properties including Buildings, Machineries, Stocks, Furniture, etc.
The premium is determined by considering mainly the quality of construction of buildings, Operational hazards, level of safety and protection.
This Insurance is designed to cover your properties against loss or damage caused by any accident or misfortune unless specifically excluded in the Policy.
The property to be insured may consist of the following physical assets:
Product Details:
Property “All Risk” Insurance provides comprehensive protection including fire, lightning, storm, hurricane, earthquake, volcanic eruption, flood, impact damage, etc other than those few mentioned as ‘exclusions’ under the policy.
The sum insured may be either on the basis of the actual value or the new replacement value of the property.
Extensions are available for enhancing the covers in terms of additional exposures, costs and expenses consequent to a loss. Some of the important ones are listed below.
Some of the important exclusions are losses directly or indirectly resulting from:
Please fill out the Proposal Form below. One of our agents will be in touch with you shortly.
Business Interruption Loss Of Profits Insurance
Business interruption insurance is a type of insurance that covers the loss of income that a business suffers after a disaster. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a disaster.
Loss of Profits policy is intended to cover loss of “Gross Profit” following material damage as a result of fire, lightning, storm, hurricane, earthquake, volcanic eruption, flood, impact damage, etc (or other insured peril) at your premises.
This policy operates only when there is an admissible claim under the property material damage policy (Fire or PAR Policy )issued by us.
Subject to certain limitations, this includes additional expenditure which is incurred for the sole purpose of avoiding or reducing a reduction in turnover.
Product Details
In simplest terms the Business Interruption Policy is designed to restore the business to the same financial position as if the loss had not occurred.
To obtain Loss of Profits, it is always essential that you have a Material Damage policy in force, covering your premises for the same period.
The business must be interrupted due to happening of an insured peril, beyond the time excess applicable under the policy. The interruption period starts from the date of the loss and extends to when the business’s turnover and profit levels are back to where they would have been but for the loss. There is a limit set on this interruption period and termed as the ‘Indemnity Period’ which is chosen when the cover is taken out and is recorded in months.
Some important points to note:
Some of the Exclusions are as below :
