This is an “All Risk”cover and provide a broader coverage including accidental physical loss of or damage to the Property in addition to that resulted from fire, lightning, flood, storm, tempest, bursting of water tanks, apparatus or pipes, aircraft damage, impact damage, riots and strikes, earthquake, explosion and burglary by housebreaking &/or forcible &/or violent entry.
The value / sum insured must represent the reinstatement /replacement value of the property.
Under this insurance you can cover:
- Commercial / Residential Building / Tower
- Hotel, Hospital, School
- Industrial units including plant, machinery & stock
- Shopping Complex / Mall