Property All Risk Insurance
Property All Risks Insurance Policy covers All Risks of Physical Loss, Destruction or Damage to the insured property occurring during the policy period subject to certain terms, conditions, and exclusions. This policy provides wider coverage than Fire and Allied Perils Insurance Policy. PAR policy can be tailor made depending on the profession of the client and their requirements.
The following extensions are available under Property All Risks Insurance Policy:
- Loss of Profits/Business Interruption
- Loss of Rent
- Third Party Legal Liability including Liability of Landlords towards Tenants and Tenants Liability towards Landlords
- Strikes, riots & civil commotion
- Malicious Damage
- Accidental Damage to Plate Glass fixed to the building
- Expenses incurred on removing debris following loss or damage to the insured property
- Fire Brigade charges and extinguishing expenses
- Architects, Surveyor, Legal and Consulting Engineers Fees