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Royal Sundaram Fire Insurance |
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Standard Fire and Special Perils
A traditional and a time-tested policy that offers cover against fire and allied perils and the perils of nature.
The policy can cover building (including plinth and foundation), plant and machinery, stocks, furniture, fixtures and fittings and other contents.
Standard Fire
The standard cover is a named-peril policy covering the following perils:
• Fire
• Explosion/ Implosion (excluding explosion/ implosion of boilers, economizers or other vessels, machinery or apparatus in which steam is generated)
• Direct lightning
• Aircraft including damage caused by any article dropped there from (excluding pressure waves)
• Riot, strike, malicious damage-excluding terrorism
• Storm, cyclone, typhoon, tempest, hurricane, tornado, flood and inundation
• Impact by any rail/ road/ vehicle/ animal (other than own)
• Subsidence and landslide including rockslide
• Bursting and/ or overflowing of water tanks, apparatus and pipes
• Missile testing operations
• Leakage of water from automatic sprinkler installations
• Bush fire (excluding forest fire)
• Terrorism risk can be covered on payment of additional premium
The policy also covers
• Removal of debris up to 1% of claim amount
• Architect's and Surveyor's fees up to 3% of claim amount
Salient Features
• Quick and expert risk inspections where required
• Expert Risk Control Programme by our Risk Engineers on all aspects of safety and Loss
Prevention/ Minimization
• Availability of various optional covers
• Rating based on individual risk features including claims experience and fire protection systems availability
• Superior claim service
Consequential Loss (Fire)
A policy that provides protection against loss of profits in business due to an interruption in business consequent upon an insured peril and claim admitted under the material damage policy.
Standard Cover
• Loss of Gross Profit or Revenue due to Reduction in Turnover or Out put
• Increase in cost of working - The additional expenditure incurred for the purpose of
• avoiding or diminishing the Reduction in Turnover or Out put
Extra covers available on payment of additional premium
• Extension to cover loss due to accidental failure of public electricity/ gas/ water supply
• Lay-off and Retrenchment Compensation and Notice Wages Liability
• Auditor´s Fee
• Extension to cover Suppliers Premises and Customers' Premises
Salient Features
• Quick and expert risk inspections where required
• Expert Risk Control Programme by our Risk Engineers on all aspects of safety and loss
Prevention/ Minimization
• Superior claim service
• Option to insure selected Standing Charges
• Option to insure on alternative basis - either on turnover basis or on output basis
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