Fire and Lightening
The object of Fire and Lightning Insurance is to indemnify the Insured against financial loss which the Insured may suffer as the result of the property insured being damaged or destroyed by Fire and/or lightning subject to the terms, conditions and exceptions of the standard policy
Burglary and House Break
Burglary and House breaking insurance, the objective of this cover is to indemnify the Insured in respect of loss of damage to property by theft but only if the incident is accompanied by actual forcible and violent breaking into or out of a building or any attempt thereto.
Householder’s Comprehensive Insurance
The objective of “Householder’s Comprehensive Insurance” is to indemnify the insured against loss or damage to the contents, buildings and other contingencies specified in the schedule caused by fire, theft or any other accident or misfortune not specifically excluded under the policy.
- Under this insurance, the following items shall be covered.
- Contingencies relating to contents – household goods and personal effects.
- Other contingencies like buildings and landlords fixtures and fittings.
- Liability to the public.
- Compensation for death of the insured.
Fire Consequential Loss/Loss of Profit
The objective of Consequential Loss/Business Interruption Insurance is to indemnify the insured or enable the Insured to recover loss of gross profit due to reductions in turnover and reasonable additional expenditure incurred in minimizing the reduction in turnover following material damage loss.
Risks covered under this insurance are as follows:-
- Gross Profit
- Auditors’ Charges
All risk Insurance
The objective of “All Risks” Insurance is to indemnify the insured against loss or damage by fire, theft or any other accident or misfortune not specifically excluded under the policy. Cover shall not be provided for property other than Personal Effects and Household goods and the like. Under this insurance items mainly comprising of gold and silver articles, jeweler, furs, pictures including personal effects and wearing apparels shall be covered.
Plate glass insurance provides coverage for glass if it shall be destroyed or broken by any accident or misfortune of a fortuitous character.