Bharat Laghu Udyam Suraksha Insurance Policy provides protection to insured assets with a Sum Insured between Rs5 Crores and Rs50 Crores. All types of assets like plant and machinery, warehouse stocks, buildings etc can be covered under the Policy.
Fire Insurance Policy
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Bharat Sookshma Udyam Suraksha Insurance Policy – Detailed Guide
Bharat Sookshma Udyam Suraksha Insurance Policy provides protection to insured assets with a Sum Insured of less than Rs5 Crores. All types of assets like plant and machinery, warehouse stocks, buildings etc can be covered under the Policy.
What is Reinstatement Value Clause in a Fire Insurance Policy?
Reinstatement Value Clause in Fire Insurance Policy is a method of insuring assets at their Reinstatement Cost rather than their Depreciated Value. In case of a Fire Claim, the Policy will pay for replacement of damaged asset with a new asset.
What is Average Clause in a Fire Insurance Policy?
Average Clause in Fire Insurance Policy is an important clause in determining the Claim Amount that will be paid to the Insured. The Clause comes into play when the Policyholder has underinsured the Property. In such cases, the Claim Amount will be subject to a proportionate deduction subject to the extent of Underinsurance
Principles of Fire Insurance Policy
The various Principles of a Fire Insurance Policy are the fundamentals of Fire Insurance and governs various aspects of Fire Insurance
What is the Meaning of STFI in a Fire Insurance Policy?
Fire Insurance Coverage includes cover for many perils apart from the basic cover for a fire accident. One of the important add-on covers in a Fire Insurance Policy is STFI Coverage. STFI cover is an add-on cover purchased along with a Standard Fire & Special Perils Insurance Policy which protects one’s property against loss caused […]
12 Perils Covered under a Standard Fire and Special Perils Insurance Policy [Infographic]
Business owners invest crores of rupees in assets such as plant and machinery, buildings, offices, warehouse stocks etc. Thus, it is important to secure these assets with a Fire Insurance Policy. Fire Insurance, also known as a Standard Fire and Special Perils Insurance Policy provides reimbursement in case the insured assets are damaged by fire […]
What is the Claims Process in a Fire Insurance Policy?
A fire accident can bring your factory to a standstill for several months or even years. During this time, the business not only suffers from damage to various assets but also from the loss of profit as you will be unable to run the business due to damage to the plant and machinery. Fortunately, there […]
Advantages of a Fire Insurance Policy For Your Factory [Infographic]
Keeping your factory assets uninsured might result in huge financial losses. A small fire accident can cause damage to the tune of Crores of Rupees. It is extremely important for factory owners to purchase a comprehensive Fire Insurance Policy for all their assets such as plant and machinery, factory building, stocks etc.There are many benefits […]
What is the Importance of a Fire Insurance Policy?
What is a Fire Insurance Policy? A Fire Insurance Policy is a type of insurance policy whereby the Fire Insurance Company agrees to reimburse the Policyholder for any damage or loss to insured assets because of a fire-related accident. Fire Insurance Coverage includes protection against a range of perils like Fire, Explosion, Implosion, Storm, Floods, […]