Friday, 20 July 2012

Insurance and Services


Burglary Insurance
This insurance provides coverage to the Insured against loss or damage to the property insured arising from causes such as:
1.     Theft upon consequent of violent entry or exit to the premises
2.     Armed robbery or hold up
Coverage also includes damage to premises as a result of the above up to maximum amount of 5% of the total sum insured for the policy. 

Some of the major exclusion includes act of fraud or dishonesty of employee, loss of properties located outside the building premises, war and terrorism.
 

This insurance is suitable for properties such as stock in trade, parts and consumable items as well as other property like equipment, plant and machinery.
 

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