EQUIPMENT ALL RISK POLICY (CONDITION (Interpretation, Contribution,…
EQUIPMENT ALL RISK POLICY
SCOPE OF COVER
Accidental Damage or any misfortune
Fire, Lightning, Explosion
It is a policy which covers valuable articles and portable item such as cameras, laptops, watches, clocks, paintings, works of art and etc.
Duration Of Cover
1 Year and need to renew the policy annually
MATERIAL DAMAGE COVER
Covers you against loss of or damage to your insured property that happening during the period of insurance within the specified location or territorial limit, provided always that such loss or damage is not caused by perils which are specifically excluded by this policy.
THIRD PARTY LIABILITY
Accident loss of the property damage belong to third party
Loss caused by or arising from repairing, restoring or renovation of any property insures
Loss to camera, telescope etc by mechanical derangement, breakage of lens etc.
Over winding or internal damage of watches or clocks
Damage to gramophone records by cracking, scratching, chipping or breakage
Period of insurance
Burglary housebreaking or theft.
Fire external explosion self-ignition or lightning
Accident or misfortune.