Scope of cover

RESIDENTIAL

• Houses/Apartments/Township, Cottages/Guest Houses

COMMERCIAL

• Office Buildings, Multiplexes/Theaters, Hotels/Shopping centers/Malls, Sports Complexes

INSTITUTIONAL

• Educational Institutes, Hospitals/Health care facilities, Research Institutes, Religious Buildings

BASIC COVERS

• Fire/Explosion/Impact Damage/Collapse.
• Storm/Tempest/Flood Inundation/Subsidence and Landslide.
• Riot/Strike/Malicious Damage/Burglary/Theft.
• Electrical/Mechanical Breakdown

ADD ON COVERS

• Owners' Surrounding Property
• Removal of Debris
• Earthquake/Terrorism
• Escalation
• Design Defect Cover
• Breakage of Glass
• Additional Customs Duty
• Air-Freight
• Express freight, Overtime charges, Holiday wages etc.
• Contractors' Plant & Machinery (upto 5% of CAR SI or Rs 25 lakhs whichever is lower)
• Third Party Liability
• Free Issue of Materials issued by Principal.
• Construction equipment like scaffolding, shuttering materials
• Maintenance Visit or Extended Maintenance
• Cover for insured contract works taken over or put into service.

Please Note:

• Extension Rates available on per month basis.
• Installment Facility available for projects with period more than 12 months.
• Premium Refund Benefit for:
  • Abandonment
  • Double Insurance
  • Early Completion of Project.
• Option to avail of policy even after the commencement of the project.

SIGNIFICANT EXCLUSIONS

• Cessation of work whether total or partial.
• Defective Material and/or Workmanship.
• Wear and Tear.
• Inventory Losses
• Faulty Design
• War and Related Perils
• Nuclear reaction, Nuclear radiation or radio active contamination.
• Willful act or willful Negligence of the Insured.
• Consequential Losses

This is not an exhaustive list. For details, please read our policy terms and conditions.