This policy is a Compehensive Package Policy which covers almost all risks and perils, which a large industry
may face during its operation.
This policy covers Buildings, Machinery, Furniture, Fixtures, Fitting & electrical installations on Reinstatement
value, while the stock is covered
on market value basis.
Underinsurance on each item of the schedule will be ignored if it does not exceed 15% of sum insured. Policy also covers
equipments and machinery sent for repairs outside the premises for a period of 60 days. Transit risk inside the
compound of an industry is also covered.