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EQUIPMENT ALL RISK POLICY (CONDITION (interpretation, contribution,…
EQUIPMENT ALL RISK POLICY
CONDITION
interpretation
contribution
precaution
period of insurance
claims
cancellation
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
SECTION 2
third party liability
3rd person or organization that are less directly involved in matter than the main people or organization that are involved
what is all risk insurance
all risk protection cover the most common risk that could directly damage your property
what is equipment all risk policy
it is a policy which covers valuable articles and portable item
DURATION OF COVER
1 year and renew annually
SCOPE OF COVER
fire, lightning and explosion
burglary and theft
accidental damage or misfortune
EXCLUDE PERILS
loss or damage to property
damages to travelling trunks, bags, boxes and other receptacles other than total loss