What are some of the exclusions?
- You should carefully understand these general exclusions that govern the whole policy and the various perils. These are in addition to the section-wise exclusions. Any claims that fall under any of these exclusions shall not be processed.
- The damage that has been afflicted due to an act of war, civil unrest, foreign invasion, the act of enemy, confiscation, civil commotion, loot or pillage or any other similar activity shall not be covered under the policy.
- Any damage that has been caused due to confiscation of requisitioning or demolition by the orders of the Government or equivalent authority is not covered.
- Any injury, damage to property, illness, disease, bodily injuries caused directly or indirectly by the following elements is not covered: -
- Contamination from radioactivity from nuclear fuel, nuclear waste or burning of any nuclear fuel.
- Exposure to Ionizing radiation.
- Toxic, Radioactive, explosive or other hazardous properties of any dangerous nuclear component or nuclear assembly.
- Any damage that has been caused due to wear and tear or the commodity has deteriorated gradually, or slowly developed flaws are not covered.
- Any consequential losses that have to be suffered due to instances such as reduction in market value of the goods are not covered.
- Any claim that arises out of damage that has been caused by the commencement of policy coverage is inadmissible.
- If any item is a part of a set and the set has been damaged. Then the pieces of the set that have not been damaged will not be compensated for.
