All Risk Insurance Policy

Key Feature

Provides cover for Corporates and Individuals requiring specific coverage to Equipment's, Painting, Pictures, Sketches, Prints, Books, Statues and Sculptures, Porcelain Pottery, Antique Furniture, Clock, Watches, Gold, Silver and other precious metals, Jewellery, Fur and other valuables on all risk basis

Basis of Indemnity

a) Reinstatement Value basis
b) Market Value basis
Option to cover add ons on payment of additional premium

Coverage

The All Risk Insurance Policy indemnifies the Insured by way of repair, replacement or payment in respect of physical loss or damage to Insured property by fire, riot and strike, theft, accident or from any fortuitous cause other than those specifically excluded under the policy for agreed sum insured.

Below mentioned add on will be covered on payment of additional premium

Terrorism Extension
Electrical and or mechanical derangement/breakdown
Exhibition cover
Full cover for pair and set
Rent for hiring alternate equipment

Exclusion

Any loss or damage caused by or resulting from any cleaning, dyeing, bleaching, repairing, reframing, restoring, retouching, renovation or similar process

Any loss or damage caused by or resulting from natural ageing, gradual deterioration, wear, tear, inherent defect, rust or oxidization, moth or vermin, insects or mildew, warping or shrinkage or any other gradually operating cause