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  • Television Insurance

    Insurance cover for T.V. apparatus and antenna as also to VCR against fire and allied perils, riot and strike, any other accidental damage by external means, mechanical and electrical breakdown, burglary, housebreaking and theft. 

    Cover is also provided against third party liability of the insured or loss to his own surrounding property arising out accidents caused by or through the insured item. 

    Differential rates of premium are applied by the insurer depending upon whether the equipment is for personal or commercial use and also if let on hire.
  • Tearing apart on account of centrifugal forces

    The term refers to insured machine/equipment/apparatus splitting into factions due to the force tending to pull it outward when it is rotating rapidly around the centre. This contingency is not covered under the explosion coverage part of a standard Fire and Special Perils policy.
  • Taxying (Aircraft)

    Deemed to include all movement of the aircraft under its own power other than for the purpose of flight. Taxying shall not be deemed to cease merely by reason of the temporary halting of the aircraft in the course of taxying from one point to another
  • Tax Token

    Token issued by RTO for having paid required tax for the vehicle. Strictly speaking, payment or non-payment of tax does not vitiate insurance contract and liability under the policy does not get prejudiced.
  • Tariff Rate

    Rate fixed by the Tariff Advisory Committee in respect of specific property / properties and against specific peril/perils, which will have to be scrupulously followed by all insurers. 

    In almost all cases the rate fixed by the tariff committee is the minimum to be charged for a given situation, leaving it to the individual insurer to charge more if a specific proposal warrants.
  • Tare

    Weight of packing in a consignment or unladen weight in a vehicle or container.
  • Tankers

    Liquid bulk cargo carriers, which are strongly built vessels to carry bulk liquid cargo like crude oil, petrol, molasses etc. The speed of the vessel will be 10 to 15 knots. 

    They ply on fixed routes. Collision damage will result in huge losses. Also the risk of fire and explosion during discharge of cargo is more. There are possibilities of pollution risk also.
  • Tank Farm

    An area at a refinery, terminal or storage depot dedicated to storage tanks and their safety requirements for surrounding space and spillage containment devices.
  • Tank Containers

    Tank containers usually of stainless steel and of size 8 x 8 x 10 and capacity 4000 liters are used to carry dangerous, corrosive, inflammable and toxic chemical substances. 

    These tank containers carry the advantages of easier handling, completely adaptable to integrated transport systems, more effective for volume loading and less expensive than using drums.
  • Tally Sheet

    Document prepared by the port trust officials recording the description of the cargo and the number of packages as the cargo is landed from a vessel. The document will also record wherever a package is landed not in apparently sound condition. 

    This is known as "landing tally" and requisitioned by the insurer in case of an import claim under a marine insurance policy to verify whether the package which contained the item claimed for landed in a damaged condition thereby indicating that the loss should have taken place in the custody of the carrier.
  • Tainting

    State of cargo being soiled by atmospheric conditions arising for example from cargo in close proximity giving odors such as oranges tainting tea.