Property All Risk
The Property All Risks Insurance Policy offers wider coverage than Fire and Allied Perils by covering accidental physical loss of or damage to the Property Insured whilst situated at the premises described in the policy, everything is covered other than the exclusions, defined in the wordings.
Factories, power plants, building and office projects including workshop, machinery, equipment, material, goods, fuel, warehouse, premises or offices are covered under this insurance policy.
- Aircraft, or other aerial devices or articles dropped there from Impact by vehicles, watercraft, locomotives or rolling stock
- Civil commotion
- Malicious damage
- Busting or overflowing of water apparatus (including sprinkler leakage)
- Impact by own vehicle
- Theft or attempted theft (by violence to persons or threat thereof or by violent and forcible entry to or exit from the premises) and Accidental loss or damage
The policy covers insured properties against unforeseen and sudden events.
- Value of Property
- Level of safety and protections
- Quality of construction of buildings