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This policy is suitable
for large, commercial and industrial risks.All
risk
policy provides you with a broader coverage than
Fire insurance & Allied perils policy.
This
insurance policy covers accidental loss or damage to
your insured property.
The
scope of cover is limited by a set of exclusions.
Some of the important exclusions are:
*Electrical, mechanical breakdown
*Deterioration of property due to change in
temperature or humidity or inadequate
airconditioning, cooling or heating system.
*Subsidence, ground heave, land slip, erosion,
settling or crack-ins.
*Damage to equipment during installation or
dismantling operations.
*Property in course of construction or erection.
*Property in course of manufacture.
*Money, cheques, securities of all kinds etc.
*Contamination, pollution, wear and tear, corrosion.
*Loss resulting from dishonesty, fraudulent action,
infidelity.
* This list is not exhaustive. In order to get the
full details of coverage, please download the policy
wording.
The cover can be extended to include loss of income
following an interruption of business activity due
to damage to property by a peril not specifically
excluded under the policy. |
