Standard Fire and Special Perils Policy (SFSP) will provide financial protection for the property against LOSS or DAMAGE by fire and other allied perils.
Scope of Cover:
Standard Fire and Special Perils Policy covers buildings and/or contents should take into accounts block wise separate amounts on the following:
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Burglary Policy is a product attached to Standard Fire and Special Perils Policy
Scope of Cover - Burglary Policy broadly covers loss and/or damage by Burglary, Housebreaking (Theft following upon actual, forcible and violent entry of and/or exit from the premises) including hold-up risk and damage caused to premises.
Sum Insured - Sum Insured stands reduced by amount of claim paid. However, Sum Insured can be reinstated on payment of additional premium .
Premium - The rate of premium depends on situation of risk, nature of stocks, security measures and past claims experience.
Burglary Policy broadly covers loss and/or damage by Burglary, Housebreaking including hold-up risk and damage caused to premises.