Insurance policies like Standard Fire & Special Perils Policy, Marine (Cargo), Marine (Hull), Engineering and Burglary Insurance policies cover various types of properties.
Which policy best suits to household?
Householder Insurance Policy comprising of 10 sections, covers most of the risks faced by a household and is best suited one.
Burglary Insurance cover:
It covers theft of property after actual forcible and violent entry or exit.
Industries and Civil Construction:
Two broad groups of engineering policies are available for industries:
1.Construction Phase Contractor All Risk Insurance, Erection All Risk Insurance, Marine-Cum-Erection Insurance, Contracts Works Insurance and Delay in start-up Insurance.
2.Operational Phase Machinery Breakdown Insurance, Boiler & Pressure Plant Insurance, Machinery Loss of Profit Insurance, Contractor Plant and Machinery Insurance, Civil Engineering Completed Risk, Electronic Equipment and Deterioration of Stock Insurance.
Marine (Hull) Insurance:
It covers loss/damage suffered to a ship and machinery of vessel.
Marine (Cargo) Insurance:
The Insurance of goods, which are in transit from one place to another by any single or combined mode of sea, rail, road, air or inland waterways is Marine (Cargo) Insurance.
Standard Fire & Special Perils Policy:
Building; Machinery & Equipment; Furniture; fixture & fittings, and stocks can be covered under Standard Fire & Special Perils Policy.
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