What is Property Insurance?

Property all risk insurance compensates for financial damages to insured properties. The damages could be a result of an accident or unforeseen natural calamity. It also covers losses resulting from burglary, fire, and unexpected mishaps. Furthermore, it includes damages to stocks, raw materials in storage, and finished goods. It also includes office equipment, furniture, etc. So, having a Property all-risk insurance policy brings you peace of mind!

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Types of commercial property damage policy are:

  • Property All Risk
  • Industrial All Risks
  • Standalone NATCAT cover
  • Comprehensive Machinery All Risks
  • Fire and Allied Perils
  • Business Interruption following Property All Risks or Fire & Allied Perils
  • Hotel Comprehensive
  • Household

The property clients we work with include: Property owners and management companies

  • Real estate companies
  • Residential and commercial buildings
  • Religious and educational entities
  • Hospitals
  • Shopping centers
  • Hospitality businesses
  • Hotels and restaurants
  • Retail businesses
  • Airports
  • Financial institutions
  • Telecommunications
  • Warehousing
  • Food and beverage distributors
  • Manufacturers
  • Furniture
  • Automobile
  • Industrial Manufacturing: Low to high Hazard risks
  • Heavy Industries: Aluminium, steel, paper, plastics, paint, chemical plants, desalination plants, pharmaceuticals

General Exclusions for Property All Risk Insurance

The wilful destruction of the property.
Damages from nuclear incidents.
Damages to the property occurred while construction or repair.
Market losses.
Damages like wear and tear.
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Disclaimer: Any descriptions of coverage contained in this information sheet are meant to be general in nature and do not include nor are intended to include all of the actual terms, benefits, and limitations found in an insurance policy. For details of coverage, terms, conditions, and exclusions, please refer to the policy wording. The provision of cover is subject to the underwriting criteria that apply at the time. The insurance policy and not this information sheet will form the contract between the parties thereto, and will govern in all cases.