Sub Section 1A (Building)

Covers building above plinth and foundation with connected utilities, sanitory fittings etc.External walls of the building should be made of stone/bricks/RCC etc (Class A construction)

Perils Covered

• Fire, Lightning, Explosion/implosion
• Bursting & overflowing of water tanks
• Riot, Strike, malicious damage
• Earth quake, Fire and /or Shock, subsidence and land slide
• Flood, inundation, cyclone etc
• Impact damage by rail/road vehicle or animal by direct contact
• Aircraft or articles dropped from them

Sub Section I B (Contents including incidental stock)

• Contents of insured pemises described in the schedule of policy, belonging to insured
• Contents belonging to insured when temporarily removed to some place with in India from insured premises for a period not exceeding 60 days only for an amount not exceeding 5 % of the total sum inured for contents subject to maximum of Rs.20,000/-
• Stock incidental to the trade for an amount not exceeding 10% of total sum insured under this section
• Cost of removal of debris of insured property affected subject to maximum 10% of sum insured for this sub section if it is specifically declared for insurance and additional premium paid

Perils Covered

• As in Section IA

Sub Section IC (Tenants Legal Liability)

• This is applicable only if insured is a tenant of the building
• Insured’s legal liability as tenants of the insured premises for damage to the building of the offices and land lord’s fixture and fittings

Perils Covered

• As in Sub Section IB

 

All electrical & mechanical appliances other than Diesel Generator sets pertaining to insured’s business/trade .

Perils covered

• Loss or damage due to unforeseen and sudden accidental physical damage caused by and /or solely due to the mechanical and / or electrical break down.

 

Deals with loss or damage of electronic appliances, portable computers , cellular phones, data carrying materials etc due to any cause other than the exclusions specified in the policy.