The policy covers fire and lightning on the property insured.
The cover may be extended to include the following:
– The fire cover will be issued on Depreciated Value (Indemnity Value) or on Reinstatement Value.
– The premium is charged based on factors like construction of the building, trade and so on. Extension of cover calls for additional premium.
– Specified for all other claims except claims preparations.
– Business Interruption- Time Excess (minimum 72 hours).