ABOUT US
Profile
Vision & Mission
Objectives
Board of Directors
Management
Branches
Call Us
PRODUCTS & SERVICES
Products
Aviation Insurance
Engineering Insurance
Contractors’ All risks Insurance
Erection all risks insurance
Machinery Breakdown Insurance
Boiler and Pressure Vessel Insurance
Contractors’ plant and machinery insurance
Electronic equipment Insurance
Comprehensive machinery insurance
Deterioration of stock insurance
Machinery loss of profits
Principal’s advance loss of profits
Energy Insurance
General Insurance
Personal Accidents
Liability
Public Liability
Workmen Compensation
Fidelity Guarantee
Money Insurance
Contingency Insurance
Banker’s blanket
Marine Insurance
Marine Cargo
Marine Hull
Health Insurance
Motor Insurance
Comprehensive Motor Insurance
Property Insurance
Fire & Allied Perils Insurance
Burglary Cover
Property All Risks (PAR)
Business Interruption
Business Guard
Home Guard
Travel Insurance
Services
Customer Service
Quotations
Claims
FAQ
REINSURANCE
MEDIA CENTER
Marketing Campaigns & Adverts
Adverts
Marketing Campaigns
Greetings
News & Events
Photo Gallery
Training
English Courses
Team Building
Presentation Skills
TV Commercials
Interviews
Awards
Videos
INVESTOR RELATIONS
General Assembly
Financial Information
Our Products
Aviation Insurance
Engineering Insurance
Energy Insurance
General Insurance
Marine Insurance
Health Insurance
Motor Insurance
Property Insurance
Travel Insurance
Home
»
PRODUCTS & SERVICES
»
Products
»
Property Insurance
»
Property All Risks (PAR)
Property All Risks (PAR)
Under
“Property All Risks”
Insurance the Policy indemnifies the Insured for accidental physical loss of or damage to the Property Insured whilst situated at the premises described in the policy. This will include loss or damage by Fire, Lightning, Aircraft, Explosion, Earthquake, Strike, Riot, Civil Commotion, Malicious Damage, Storm, Tempest, Flood, Bursting or Overflowing of Water Apparatus (including Sprinkler Leakage), Impact by Own Vehicles, Theft or Attempted Theft (by violent and forcible entry to or exit from the premises) and Accidental Loss or Damage.
The coverage is usually provided for a period of one year. The Sum Insured may be either on the basis of the actual value or the new replacement value of the property but should be adequate to cover the total exposure. The Insured should be able to provide the sum Insured but may seek help of our underwriters to do so.
Determining the Sum Insured is very crucial and needs to be given accurately as to avoid referring to an average in the event of a claim.
The rate chargeable is always applied on
"Per Mille"
basis (for every thousand units) on the Total Sum Insured and is very dependant on the nature of risk, location and the housekeeping. A deductible will apply on each and every loss in addition to other conditions
© . All rights reserved.