Under this one can
cover various property like residential buildings, hotels, factories, godowns,
machineries, stocks etc against the risks of fire, lightning, explosion, riot, strike,
malicious damage, terrorism, impact damage, aircraft damage, flood, storm, tempest etc
(total 12 covers). The sum insured can be market value or Reinstatement value for
buildings / machineries / furniture / fixtures / fittings. For stocks it should be market
value. The premium depends on the occupancy of the premises. This is a tariff business and
the rates are as per All India Fire Tariff. |
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