It will protect your property against physical loss or damage on a named perils basis only, e.g.fire,explosion,lighting,storm,typhoon,landslide,bursting of pipes etc. Perils not specifically stated will not be covered. a wider range of cover can be provided for an additional premium.
With a Fire & Perils Property Insurance policy the ouns is on you to show the loss was caused by one of the named perils.
This policy will protect your property from physical loss or damage on an all risk basis defined as any natural hazard or accidents,other than those specifically excluded by us.
Notable exclusions are:
With a Property All Risks policy the onus is on us to show which exclusion is applicable when there is a claim.
It provides protection against financial losses arising from interruption in your business caused by any losses or damages to the property turnovers, which constitute a valid claim under the PAR/FP,CAR/EAR or MB policies which you must have purchased.Finicial losses include:
Provide as an additional cover to your property insurance policy and covers loss of or damage to property as a result of forcible or violent entry into your premises by thieves.
This specialty coverage is for data processing systems including equipment & active data processing media.