Fire loss of profit policy for windmills Material Damage Cover: Normal Fire policy covers the property against physical damage due to Fire and allied perils. This policy pays for material damage only. It does not pay for loss of production arising out of an accident at the location insured in the policy. Thus indemnity for …
(I) Coverages as per Standard Fire and Special Perils Policy- Fire Lightning Explosion/ Implosion Aircraft Damage Riot, Strike, Malicious and Terrorism Damage Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation Impact Damage Subsidence and landslide including Rock Slide Bursting and/ or overflowing of Water Tanks, Apparatus and Pipes Missile Testing Operations Leakage from Automatic …
Cancellation This insurance is to indemnify the Assured for their Ascertained Direct Net loss, should the insured Events(s) described in the Schedule, be necessarily Cancelled, Interrupted in whole or in part and for additional expenses which the insured incurs for the continuation of the event. The Cancellation, Interruption is the sole and direct result of …
Introduction The structure of the policy for both industrial and non industrial risks is almost the same. Both the classes are governed by market agreement which came into force from 1.1.1988 for industrial risks and from 1.12.1991 for non industrial risks. According to Maket Agreement, industrial risks are manufacturing industries and storage risks such as …
