Property Mega All Risks Policy

Mega policy is ideal for large industrial units with a sum Insured of INR 2500 crore or more, at a single location in India. This highly customisable insurance covers various risks associated with a specific industry, to suit the particular needs of that industry.

Features

The following are the key features of Property Mega All Risks Policy :


  • Customisable asset valuation and loss settlement for individual items of Sum Insured
  • Detailed inspection report with Probable Maximum Loss assessment helps to determine the terms for this insurance.
  • Incorporation of standard add-on covers and extensions from SFSP, MBD, and EEI policies.
  • Coverage for transit risks is available as needed.

Other add-on covers are:


  • Involuntary Betterment
  • Fire Fighting/Extinguishing Expenses
  • Dewatering Expenses
  • Immediate Repairs
  • Waiver of UnderInsurance
  • Destruction of Sound Property
  • Minor Works Extension
  • Molten Metal
  • Claims Preparation Costs
  • Removal of Foreign/External Debris
  • Contingent Business Interruption
  • Prevention of Access
  • Deliberate Damage

Additional Information

  • Customisable policy to meet the unique needs of different industries.
  • As leading insurance brokers, we specially handcraft the wordings of the operating clause, conditions, add-on covers, extensions and exclusions.

Claim Process

1

Notify your insurance company

2

Understand your policy coverage

3

Document the loss or damage

4

Gather supporting documents

5

Complete the claim form

6

Submit the claim form and documentation

7

Claim assessment

8

Claim settlement

9

Negotiation (if needed)

10

Claim payment

11

Thank You

Note: The claims process can vary depending on the specific circumstances and the policies.

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P&L(Preferable in excel format)