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SCOPE OF COVERAGE MISCELLANEOUS PROPERTY INSURANCE - Coggle Diagram
SCOPE OF COVERAGE MISCELLANEOUS PROPERTY INSURANCE
PLATE GLASS INSURANCE
Definition
Provides cover for loss or damage to all fixed glass.
Including any writing, painting or ornaments or alarm tape if specifically mentioned.
Coverage
Glazed partitions
Windows
Showcases
Door glazing
Fixed mirror glass
Basis Of Determining Sum Insured
Full Value
First Loss
Rating
Exclusions
ALL RISK INSURANCE
Coverage
wide and it covers against all risks, namely fire, theft and all accidental causes other than those excluded from the policy
Insuring Clause
not ‘everything’ is insured
insure against physical damage to property and directly ensuing damage
General Exclusions
War and War related risks
Terrorism
Nuclear reaction, nuclear radiation or radioactive contamination
Willful act or willful negligence of the Insured or his representatives
Specific Exclusions
Interest Insured
EQUIPMENT INSURANCE
Insured Property
All mechanical, self-propelled vehicles / equipment (mobile) which are not licensed for use on public roads such as mobile crane, excavator, forklift, bulldozer, grab, mobile elevator etc
Coverage
indemnify the insured against loss or damage to the property specified in the schedule and its accessories parts and spare parts
Exclusions
Basis Of Sum Insured
Indemnity basis
Reinstatement Value basis (new for old)
Interest Insured
