1. FIRE
Its own fermentation, natural heating or spontaneous combustion.
It’s undergoing any heating or drying process.
Burning of property insured by order of any Public authority
2.Lightning
Lightning may result in fire damage or other types of losses, such as roof broken by
a falling chimney struck by lightning. Both fire and other types of losses caused by
lighting are covered by the policy.
3.Explosion/implosion
Excluding destruction or damage caused to the boilers (other than domestic boilers),
4.Aircraft Damage
Destruction or damage caused by Aircraft, other aerial or space devices and articles
dropped there from excluding those caused by pressure waves.
5.Riot, Strike, Malicious and Damage
Loss of or visible physical damage or destruction by external violent means directly caused
to the property insured but excluding those caused by:
Total or partial cessation of work or the retarding or interruption or cessation of
any process or operations or omissions of any kind.
Permanent or temporary dispossession resulting from confiscation, commandeering,
requisition or destruction by order of the Government or any lawfully constituted
authority.
Permanent or temporary dispossession of any building or plant or unit or machinery
resulting from the unlawful occupation by any person of such building or plant or unit
or machinery or prevention of access to the same.
Burglary, housebreaking, theft, larceny or any such attempt or any omission of any
kind of any person (whether or not such act is committed in the course of a disturbance
or public peace) in any malicious act.
6. Storm, Tempest, Flood and Inundation
7. Impact Damage
Impact by any Rail/ Road vehicle or animal by direct contact not belonging to or owned
The Insured or any occupier of the premises or
Their employees while acting in the course of their employment.
8Subsidence and Landslide including Rock slide
Destruction or damage caused by Subsidence of part of the site on which the property stands
or Land slide/ Rock slide excluding:
The normal cracking, settlement or bedding down of new Structures
The settlement or movement of made up ground
Coastal or river erosion
Defective design or workmanship or use of defective Materials
Demolition, construction, structural alterations or repair of any property or
groundwork's or excavations
9. Bursting and/or overflowing of Water Tanks, Apparatus and Pipes
10. Missile testing operations
11. Bush Fire
Excluding destruction or damage caused by Forest Fire.
ADD ON COVERS
Section VIII provides for following Add on covers which can be opted for, by paying
additional premium, to be fixed by insurers (again a first in insurance history of allowing
both tariff and non tariff elements in same policy.)
Architects, Surveyors and Consulting Engineer's Fees (in excess of 3% of claim
amount)
Debris Removal (in excess of 1% of claim amount)
Deterioration of Stocks in Cold Storage premises due to power failure following damage
due to an insured peril.
Forest Fire.
Impact Damage due to Insured's own Rail/Road Vehicles and the like and articles
dropped therefrom.
Spontaneous Combustion.
Omission to insure additions, alterations or extensions.
Earthquake (Fire and Shock).
12. Leakage from Automatic Sprinkler Installations
Excluding destruction or damage caused by:
Repairs or alterations to the buildings or premises
Repairs, Removal or Extension of the Sprinkler Installation
Defects in construction known to the Insured.
