This Policy insures any loss of or damage to your property like building, stock-in-trade and/or machinery & plant that belongs to you or held by you under your care and custody. The risks covered are Fire, Lightning and Explosion.
However, the cover can be widened to include other risks like earthquake, water damage, riot and strike and impact damage.
This Policy covers loss of net profit and fixed charges following interruption of business caused by risks which are insured under a Fire Policy.
This Policy should be taken up in conjunction with a Fire Policy and the risks covered shall be similar with that of the Fire Policy.
This Policy indemnifies Insured for loss &/or accidental damage to property insured unless otherwise excluded.