BHARAT GRIHA RAKSHA POLICY (FIRE & BURGLARY COVER FOR HOME INSURANCE)

Home Insurance cover can be purchased for home i.e. building, flat, apartment, duplex apartment, bungalow or any dwelling place. Additional structures like garages, domestic outhouses for residence, compound walls, fences, gates, retaining walls and internal roads, parking space, water tanks for residence are also covered.

General household contents like cost of fixture & fittings, electrical fittings, cost of interior, television sets, telephones, electronic items, antennas, water storage equipment, air conditioners, kitchen equipment, etc.

Home insurance cover can be taken for physical loss or damage, or destruction caused to Insured Property by the following unforeseen events occurring during the Policy Period.

• Fire
• Explosion or Implosion
• Lightning
• Earthquake, volcanic eruption, or other convulsions of nature
• Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Tsunami, Flood and Inundation
• Subsidence of the land on which Your Home Building stands, Landslide, Rockslide
• Bush fire, Forest Fire, Jungle Fire
• Impact damage of any kind, i.e., damage caused by impact of, or collision caused by any external physical object (e.g. vehicle, falling trees, aircraft, wall etc.)
• Missile testing operations
• Riot, Strikes, Malicious Damages
• Acts of terrorism (Coverage as per Terrorism Clause)
• Bursting or overflowing of water tanks, apparatus, pipes and Leakage from automatic sprinkler installations
• Theft within 7 days from the occurrence of and proximately caused by any of the above Insured Events

BHARAT SOOKSHMA UDYAM SURAKSHA POLICY

Bharat Sookshma Udyam Suraksha Policy provides insurance cover for physical loss or damage to, or destruction of Insured Property relating to a business. This policy is meant for enterprises where the total value at risk across all insurable asset classes at one location does not exceed ₹5 Crore (Rupees Five Crore)

BHARAT LAGHU UDYAM SURAKSHA POLICY

The Bharat Laghu Udyam Suraksha Policy provides insurance cover for physical loss or damage to or destruction of Insured Property relating to a business. This policy is meant for enterprises where the total value at risk across all insurable asset classes at one location exceeds ₹ 5 Crore (Rupees Five Crore) but does not exceed ₹ 50 Crore (Rupees Fifty Crore).

These policies covers physical loss or damage, or destruction caused to the building and structures, fixture & fittings, office contents, plant and machinery, stock and other assets related to the business owner by the following unforeseen events occurring during the policy period can be covered for:

• Fire, including due to its own fermentation, or natural heating, or spontaneous combustion
• Explosion or Implosion
• Lightning
• Earthquake, volcanic eruption, or other convulsions of nature
• Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Tsunami, Flood and Inundation
• Subsidence of the land on which the Premises stand, Landslide, Rockslide
• Bush fire, Forest Fire, Jungle Fire
• Impact damage of any kind, i.e., damage caused by impact of, or collision caused by any external physical object (e.g. vehicle, falling trees, aircraft, wall etc.)
• Missile testing operations
• Riot, Strikes, Malicious Damages
• Acts of terrorism (Coverage as per Terrorism Clause)
• Bursting or overflowing of water tanks, apparatus and pipes, Leakage from automatic sprinkler installations
• Theft within 7 days from the occurrence of and proximately caused by any of the above Insured Events

CONTRACTORS ALL RISK POLICY

Contractors All Risk policy is designed to cover civil engineering projects such as buildings, roads, flyovers, sewage treatment plants, etc. The coverage can be extended to include the interest of suppliers/manufacturers, contractors and Subcontractors

ERECTION ALL RISK POLICY

This policy is typical “ALL RISK” insurance for storage, assembly/erection, testing and commissioning of the following types of activities. The coverage can be extended to include the interest of suppliers/manufacturers, contractors and Subcontractors. It provides comprehensive cover for Setting up a new project/individual machines, Expansion of an existing project, Dismantling and re-erection of an existing facility

EXTENSION OF INSURANCE COVER UNDER THE POLICY CAN BE OPTED FOR:

• Earthquake
• Act of terrorism
• Escalation
• Limited maintenance cover
• Extended maintenance cover
• Clearance and removal of debris
• Damage to owner’s surrounding property
• Third party Liability
• Cross Liability
• Express freight, holiday and overtime rates of wages
• Contractor’s plant and machinery
• Inland Transit
• Innocent Non-Disclosure/Breach of Policy Conditions
• Serial losses
• Vibration, removal or weakening of support
• Loss or damage due to strike, riot and civil commotion (SRCC)
• Drilling work for water wells
• Suspension of Testing
• Fire Fighting
• Automatic Increase Clause
• Test Run Definition for Gas Turbine
• Test Run Definition for Steam Turbine
• Declaration Clause
• Marine off Shore works
• Coffer Dams