Property Insurance Archives 

TERRORISM INSURANCE

This policy covers Physical Loss or Damage to Property arising out of an Act or Series of Acts of Terrorism.

Coverage can be extended to include Interruption to Business following such Physical Loss or Damage.

Generally the coverage is based on a “Loss Limit”. This Limit would depend on the Total Sum Insured of the Property Covered.

PROPERTY INSURANCE

The cover provided under the policy is usually granted after a satisfactory Risk Inspection and is made subject to a specified deductible for each water damage claim. Among the main exclusions, the policy specifically excludes Water Damage to Property in the open or open-sided buildings.

FIRE & ALLIED PERILS INSURANCE

This is the basic Property Insurance Policy designed to cover insured properties whilst at specified locations.

The standard perils covered under the policy are Fire, Lightning, Earthquake, Storm, Tempest, Flood, Bursting & Overflowing of Water Tanks and Apparatus, Impact Damage, Aircraft Damage, Riot & Strike, Malicious Damage and Explosion.

The cover provided under the policy is usually granted after a satisfactory Risk Inspection and a completed proposal form (specimen attached)

BURGLARY INSURANCE

The policy covers loss or damage to property following forcible and violent entry into or exit from the premises.