Property All Risk Insurance & Business Interruption Insurance
Property all risks insurance policies provide cover for financial reimbursements following a loss or damage to your owned or rented property. Whether you own a property and are concerned about any damages that can occur or are a renter and are concerned about damages to your contents, we can structure the right cover for you.
Types of Perils Covered Under a Property All Risks Insurance Policy
- Fire
- Natural disasters (floods, earthquakes, storms, cyclones)
- Malicious damage, riots, and strikes
- Burglary following violent forcible entry or exit.
- Bursting of water pipes and apparatus
- Lighting
- Explosion
- Aircraft or articles dropped therefrom.
- Accidental damage or impact damage
What Types of property can be covered under a Property all Risks Insurance policy?
- All types of buildings (Residential, commercial, schools, hospitals, factories, warehouses etc)
- Office contents and equipment
- Stocks
- Plant and machinery
- Furniture, fixtures, and leasehold improvements
The following items can be insured in connection to the property owned or rent
- Loss of rent (As income or as rent payable)
- Loss of gross profit (Business interruption cover)
- Third party liability towards landlord or tenants
Typical exclusions in a property all risks insurance policy
- Political Risk Insurance (war, terrorism, sabotage)
- Property All Risks Insurance for the Property in course of manufacturing or property being worked upon
- Loss or damage to money, cheques, evidence of debt and securities of all kind
- Machinery breakdown or derangement
- Nuclear risks
- Willful destruction of property
Typical scope of business interruption insurance
- Consequential loss insurance
- Property insurance policy
- Gross profits insurance
We Are Here To Help
Effective we have been providing stability and reliability to our clients since 2000 to help them live their lives with confidence, to give them peace of mind, and enable them to realize their dreams for their loved ones and their legacy. We are a millennial company that strives to help our clientele.
