Comprehensive Protection Against Fire Loss and Damage
Buying a house or setting up a business is a dream of Individuals. But have we ensured that the huge investments made is protected with adequate insurance. There is always a chance of these precious investments being damaged by unfortunate and unexpected events like fire, explosions, natural calamities or riots, etc. The policy is a comprehensive policy available at low cost to indemnify the financial loss in the event of damage to buildings and contents within.
Popular Products / Policies
1. BHARAT SOOKSHMA UDYAM SURAKSHA POLICY:
- 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) at the policy commencement date.
- Maximum policy period will be 12 MonthsMaximum policy period will be 12 Months
- Excess of ₹ 5,000 (Rupees Five Thousand) for each claim and For terrorism risk Excess will be as per the clause attached to the policy.
- Valued policies can be allowed only for properties such as Curios, Works of Art, Manuscripts, Obsolete machinery and the like subject to the valuation certificate being submitted and found acceptable by the insurers
- All Building/ Structure, Plant & Machinery, Furniture & Fixtures shall be insured on Reinstatement Value/Replacement Value basis only. There is no option to insure it on market value basis
2. BHARAT LAGHU UDYAM SURAKSHA POLICY:
- This policy is 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) at the policy commencement date.
- Maximum policy period will be 12 Months
- Excess of 5 % of each claim amount subject to a minimum of ₹ 10,000 and For terrorism risk Excess will be as per the clause attached to the policy.
- All Building/ Structure, Plant & Machinery, Furniture & Fixtures shall be insured on Reinstatement Value/Replacement Value basis only. There is no option to insure it on market value basis
- Valued policies can be allowed only for properties such as Curios, Works of Art, Manuscripts, Obsolete machinery and the like subject to the valuation certificate being submitted and found acceptable by the insurers
3. BHARAT GRIHA RAKSHA POLICY:
- Only policy to be offered for Dwellings both for Individual & Society/corporate (Building and / or Contents) covering Fire and Allied Perils.
- Provides insurance cover for Your Home Building, and/or Home Contents.
- No upper Sum Insured Limit
- Available for property located in India.
- Policy period: maximum up to 10 years
- Insured Building should be used Only for residence by insured, Family, Tenant(s), Lessee(s), employee(s)
- Home Building and Home Contents shall be insured on Reinstatement/Replacement value basis, as applicable. Insurance on market value basis either for building or contents is not permitted