Factory and warehouse Insurance Policy is a valuable benefit in an industrial setup used for the manufacturing and storage of goods. It considers any financial loss due to damage to goods, building, or machinery in and outside premises. The following is covered under Factory and Warehouse Insurance: Goods Covered Under Factory & Warehouse Insurance Policy […]
How to file a claim under Building Insurance?
The following steps should be taken to file a claim under building insurance: Step 1: Inform the company: Notify your insurance company. You must not try to undo the damage yourself if you have insurance that covers the damage that you have suffered. Next, one must prevent further damage. If you move, your property you […]
How to file a claim under Engineering All Risk Insurance?
Engineering all-risk insurance is one of the General insurances which consider economic safeguarding, the risks faced at any ongoing project, installation project, and machines and equipment used at the project site. The following steps are to be followed for filing a claim under the engineering all-risk insurance policy Intimate the office: The first step is […]
What is Property Insurance Policy?
The property insurance policy is the insurance that protects the physical goods and the equipment of the business or home against any loss from theft, fire, and any other perils. It can be an all-risk coverage policy that gives protection against all the risks. Or can a named-risk coverage policy give protection against only those […]
What does Builder’s Risk Insurance Policy cover ?
The Builder’s Risk Insurance Policy cover is a unique product that provides coverage of the damages of the building that are presently under construction at various events. This policy covers damages caused by any of the following events: Fire The Wind (may be excluded in coastal areas) Theft Lightning Explosion Hails Vehicles Vandalism Limited coverage […]
What is Property Insurance definition?
Property insurance as the name suggests provides cover against damage and theft of property to the owner or tenant of the property. It can be used to cover the structure of a building, or the contents kept inside the building by its owner(s) or tenants. This insurance policy will help the insured reduce the financial […]
What is covered under a Fire Insurance Policy?
A fire insurance policy covers all properties— moveable or immovable, against various perils. The fire insurance policy has been renamed as the standard fire and special perils policy. So, in this article, we must discuss what is covered under a Fire Insurance Policy. Some of the properties covered under a fire insurance policy are: Building: […]
How to file claims under a Fire Insurance policy in India?
Fire insurance is a crucial aspect of protecting your business from devastating financial losses. Fires can occur at any time, and the resulting damage can lead to expensive repairs or even the destruction of your business. Having fire insurance ensures that you are financially protected in case of a fire. With fire insurance, you can […]
What is Property Insurance and How to Buy It ?
Property insurance is an umbrella policy that covers various assets fixed or movable against the risk of damage. Plants, machinery, and stock in the warehouse are valuable properties for business and can be vulnerable to many risks. The financial burden of such risks can be reduced with the help of property insurance. Know about the […]
What Are The Risks Covered Under Fire Insurance Coverage?
A fire insurance policy is basically a contract between the insurer and the buyer. In the contract the insurer promises to pay for the loss or damages caused to the property of the insurer for a specific period of time. The policyholder initially purchases the policy for a period of one year and can renew […]