Property All Risks Insurance | Policysouq

Property All Risks Insurance & Business Interuption Insurance

Property all risks insurance policies provide cover for financial reimbursements following a loss or damage to your owned or rented property. Whether you own a property and are concerned about any damages that can occur or are a renter and are concerned about damages to your contents, we can structure the right cover for you.

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Types of perils covered under a property all risks insurance policy

  • Fire
  • Natural disasters (floods, earthquakes, storms, cyclones)
  • Malicious damage, riots, and strikes
  • Burglary following violent forcible entry or exit
  • Bursting of water pipes and apparatus
  • Lighting
  • Explosion
  • Aircraft or articles dropped therefrom
  • Accidental damage or impact damage

What types of property can be covered under a property all risks insurance policy ?

  • All types of buildings (Residential, commercial, schools, hospitals, factories, warehouses etc)
  • Office contents and equipment
  • Stocks
  • Plant and machinery
  • Furniture, fixtures, and leasehold improvements

Additionally, the following items can be insured in connection to the property owned or rented.

  • Loss of rent (As income or as rent payable)
  • Loss of gross profit (Business interruption cover)
  • Third party liability towards landlord or tenants

Typical exclusions in a property all risks insurance policy

  • Political Risk Insurance (war, terrorism, sabotage)
  • Property All Risks Insurance for the Property in course of manufacturing or property being worked upon
  • Loss or damage to money, cheques, evidence of debt and securities of all kind
  • Machinery breakdown or derangement
  • Nuclear risks
  • Wilful destruction of property

Typical scope of business interruption insurance

  • Consequential loss insurance
  • Property insurance policy
  • Gross profits insurance