Loss or damage due to War or Warlike operations, Civil Commotion etc.
Loss or damage due to Wilful act or Negligence of the Insured or of his representative
Loss or damage due to Nuclear reaction, Nuclear radiation or Radioactive contamination
Loss discovered only at the time of taking an inventory
Loss or damage due to normal wear and tear, Gradual deterioration due to atmospheric conditions or lack of use, Rust
Loss or damage due to faulty design
What Period of Cover applies to the policy?
The cover attaches with the commencement of work or after the items entered in the schedule of the policy have been unloaded at the site whichever is earlier and shall expire on the date specified in the policy. However, the company's liability expires for parts of the insured contract works taken over or put into service by the Principal prior to the expiry date specified in the policy whichever shall be earlier.
What additional covers are available in the policy?
Clearance & removal of debris.
Construction Plant & machinery.
Insured's own surrounding property.
Additional custom duty.
Premium Payment Method
The premium can be collected in installments if the period of insurance is more than 12 months.