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HOUSE OWNER POLICY (Insured Perils (Impact with any of buildings, Theft,…
HOUSE OWNER POLICY
Insured Perils
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Flood, earthquake, hurricane
Fire, lightning, thunderbolt
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Insured liability
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If building are from block of flats/ apartments, insurance company's indemnity to insured is restricted to insured's legal liability for claims made as owner of building
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Uninsured liability
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carrying out of alterations, additions, repairs to insured's buildings
Ownership, possession on behalf of insured/ spouse of any lift, vehicle, craft of any kind
General Exception 1
War,invasion, act of foreign enemy
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Riot, military insurrection
General exception 2
Property by its own
fermentation, natural heating consequence of nuclear weapons material
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Definition
Provides additional coverage compared to basic fire policy includes loss/ damage due to flood, burst pipe etc
General Exception 3
insurance company not cover consequential loss/ damage of any kind except as provided in section III e,g (Rent Insurance)
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