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Home  FAQs Shop FAQs Premium FAQs | | |
| | | How is premium calculated for the content of the shop? | | The sum insured for the content is estimated as the sum total of the ‘market value’ of all the contents of the shop. This includes appliances, furniture, personal effects and other miscellaneous items. | | top |
| | | How is premium calculated for the building of my shop? | | The sum insured for the building is calculated based on the cost of construction required to re-instate the property to its original conditions by using the new material of the same or similar type. Example: If you have shop of 1000 square feet, and the cost of re-instating is Rs 800 per square feet, then the cover would be = Rs 800 x 1000 = Rs 8 lac. | | top |
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