Protect Your Home & Businesses From Large Scale Financial Losses Due To Property Damage
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Protect Your Home & Businesses From Large Scale Financial Losses Due To Property Damage
What is the scope of your fire insurance coverage?
Damages to properties can occur in various ways, and some might even leave you surprised and the losses will leave you shocked. And the best way to keep yourself protected is by buying a standard fire & special perils policy in major cities of India such as Ahmedabad, Surat, and Mumbai, that covers the maximum possible risks on your properties.
The below named perils are covered under our standard fire & special perils insurance, and not everything that falls under the property.
Gruh (dwelling), Sookshma (Micro), Laghu (Small)
In-built Coverages
- Fire
- Lightning
- Explosion / implosion
- Aircraft damage
- Riot, strike and malicious damage (RSMD)
- Impact damage
- Subsidence and landslide including rockslide
- Bursting and/or overflowing of water tanks, apparatus and pipes
- Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
- Missile testing operations
- Leakage from automatic sprinkler installations excluding loss, destruction or damage
- Bush fire
- Earthquake
Add-on Coverages
- Spontaneous combustion
- Terrorism
- Theft within 7 days of occurrence
- Underinsurance upto 15%
- Temporary removal of stock 10%
- Addition Alteration upto 15%
- Startup expense
- Professional fee
- Rent Insurance
- Protection And Preservation of Property
- Involuntary Betterment
- Accidental Damage
- Contract Works
SFSP Medium Large (MLE) Above 50 Crores
In-built Coverages
- Fire
- Lightning
- Explosion / implosion
- Aircraft damage
- Riot, strike and malicious damage (RSMD)
- Impact damage
- Subsidence and landslide including rockslide
- Bursting and/or overflowing of water tanks, apparatus and pipes
- Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
- Missile testing operations
- Leakage from automatic sprinkler installations excluding loss, destruction or damage
- Bush fire
- Earthquake
Add-on Coverages
- Terrorism
- Fees to architects, surveyors and consulting engineers in excess of 3% of claim amount
- Debris removal in excess of 1% of claim amount
- Impact damage due to insured’s own rail/ road vehicles, forklifts, cranes, stackers and the like and articles dropped there from.
- Spontaneous combustion
- Omission to insure additions, alterations or extensions
What does your Vibrant Fire and Special Perils Insurance protect?
When you are covered under fire protection insurance from Vibrant Insurance, a fire insurance company in Ahmedabad, a wide range of valuable property, materials and items in your home and business are protected from financial loss due to fire damage.
Building structures
Plinth, Boundary walls, Water tanks, Internal roads and Parking spaces
Articles within
Plant machinery, Furniture, Fixtures & Fittings, Air conditioners, Refrigerators, TVs and Computers
Utilities
Diesel generator ets, Air conditioning plants and Transformers
Stock
Raw material, Unfinished goods, Finished goods and Packing material
Property
Land and livestock
Exclusions
Bullion, Unset precious stones, Artwork, Manuscripts, Plans and Drawings, Securities, Documents, Stamps, Currency, Cheques, Account books and Computer records.
What is excluded from the coverage?
While your Vibrant Fire and Special Perils Insurance covers maximum possible risks and damages on your properties, there are certain scenarios where the loss cannot be compensated for. Listed below are some of the risks and damages which do not get covered or fully compensated for by your fire insurance policy.
- Burning of property by order of public authority.
- Damage to boilers from their own explosion, implosion or any centrifugal forces.
- Damage from electrical short circuits and breakdowns.
- Damage from pressure waves of aircraft/s
- Radiation risks and damages from nuclear contamination.
- Damage from pollution and contamination.
- Loss of precious metals, gemstones, currency, artwork, etc
- Excess damages over and above the scope of the policy.
- Loss of earnings due to delay, market activities and other consequential or indirect loss.
