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Property Insurance

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Standard Fire insurance policies provide coverage against financial loss or property damage caused by a fire or other covered perils.


What does it cover?
• Fire
• Lightning
• Explosion/Implosion
• Aircraft Damage
• Riot, Strike, Malicious Damages & Terrorism
• Storm, Tempest, Cyclone, Typhoon, Hurricane, Tornado, Flood and inundation
• Impact damage
• Subsidence, Landslide and Rock slide
• Missile Testing operations
• Bursting and/or overflowing of Water Tanks, Apparatus and Pipes
• Leakage from Automatic Sprinkler Installations
• Bush Fire

 

Fire Loss of Profit Insurance (FLOP)

The Consequential Loss (fire) policy covers Loss of Gross Profit and /or increase in cost of working due to reduction in turnover / output due to operation of peril covered in the Standard Fire & Special Perils Policy.



 

Plate Glass Insurance

Plate glass insurance covers accidental breakage of and damage to glass on business premises. It is not uncommon for glass fixtures on a business premise to break due to an accident or some other reason

 

Burglary Insurance

Burglary insurance is a type of insurance policy that recompenses for loss or damage caused to the insured property and valuable items such as jewellery, cash, stock of goods, furniture, etc. due to housebreaking or burglary



 

Machinery loss of profits (MLOP) Insurance

MLOP Insurance indemnifies the actual loss of gross profit sustained as a result of a business interruption caused by an accident covered under machinery insurance.

 

Industrial All Risk Insurance

This policy is a Compehensive Package Policy which covers almost all risks and perils, which a large industry may face during its operation. This policy covers Buildings, Machinery, Furniture, Fixtures, Fitting & electrical installations on Reinstatement value, while the stock is covered on market value basis.



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