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EQUIPMENT ALL RISK POLICY (Excluded perils (Loss or damage to property,…
EQUIPMENT ALL RISK POLICY
What is equipment all risk policy?
It is a policy which covers valuable articles and portable item
What is all risk insurance?
All risk protection covers the most common risk that could
directly damage your property
Scope of cover
Burglary and theft
Accidental damage or misfortune
Fire, lightning and explosion
Duration of cover
1 year and need to renew annually
Section 1
Material Damage
Covers against loss or damage to your 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 :check:
Section 2
Third party liability
A third person or organization less directly involved in matter than
the main people or organization that are involved
Excluded perils
Loss or damage to property
Damages to
travelling trunks,
bags, boxes, and
other receptacles
other than total loss
Condition
Precaution
Period of insurance
Contribution
Claims
Interpretation
Cancellation