Property Insurance

Property Insurance


  • Accidental Damage / Industrial All Risks


The policy provides cover against accidental loss, damage or destruction to the insured property, including fire, special perils, theft and other accidental means. The policy is designed to cover your buildings, machinery, stock and other assets. It provides a protection which is wider than the traditional Fire and Specified Perils policy.


  • Fire & Special Perils

Indemnifies you following loss or damage to your property against a number of specified perils such as Fire, Lightning and Explosion as well as losses from natural causes and social elements.

  • Theft & Hold Up

The cover provides compensation against loss or damage caused by theft or any attempt theft. The policy is generally subject to the condition that force is used to enter or exit the premises in the course of such theft. However, there are cases where a wider protection can be purchased to remove this condition.

  • Electronic Equipment
     

The policy is designed to provide protection against physical loss or damage to all types of electronic equipment on accidental loss or damage basis. The policy may be extended to include losses as a result of mechanical or electrical breakdown. Additionally protection may be purchased against cost to reinstate lost data and other additional expenditure.

  • All Risks

This policy provides cover against accidental loss or damage to the insured items that are generally specifically listed on the policy. It is not the scope of the policy to provide protection against mechanical or electrical breakdown and is hence not a substitute to the Electronic Equipment Policy.

  • Glass

The scope of this policy is to provide accidental damage cover in respect of fixed glass. Arrangements may be made to have this type of property covered under other material damage policies such as the "Industrial All Risks."

  • Goods in Transit (Inland)

Compensation is provided against loss or damage to property if lost or damaged whilst in transit. Protection operates only in respect of inland transits and is extended to loading and unloading operations. Insurance may be arranged on a blanket basis for all annual transits and the premium is adjusted on the basis of the actual value of property transported as declared by the insured.