● Terrorism
● Storm, cyclone, typhoon, tempest, hurricane, tornado, flood and inundation (STFI)
● Earthquake Fire and Shock
● Spontaneous combustion
● Removal Of Debris (exceeding 1% of claim amount)
● Architects, Surveyors, Consulting Engineers fees (exceeding 3% of claim amount)
● Spoilage Material Damage Cover
● Leakage and Contamination Cover
● Deterioration of stock in cold storage premises
● Molten metal spillage Cover
● Forest fire
● Impact damage due to Insured’s own Rail/Road vehicles
● Omissions to insure additions, alterations or extensions.
● Temporary removal of stock
● Loss of rent
● Start up expenses
Scope of Cover
● 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
● Missile testing operations
● Leakage from automatic sprinkler installations
● Bush fire
Apart from the above mentioned perils, Standard Fire and Special Perils Insurance also covers:
● Architects', surveyors' and consulting engineers' fees (up to 3% of claim amount)
● Removal of debris (up to 1% of the claim amount)
Exclusions
● Terrorism (unless add on cover is chosen)
● Storm, cyclone, typhoon, tempest, hurricane, tornado, flood and inundation (STFI) (unless add on cover is chosen)
● Earthquake (Fire & Shock) (unless add on cover is chosen)
● Spontaneous combustion (unless add on cover is chosen)
● Burning of property by order of any Public Authority
● Property undergoing any heating or drying process
● Explosion of boilers (other than domestic boilers)
● Total or partial cessation of work
● Permanent or temporary dispossession by order of Government
● Burglary, House breaking, theft, etc
● Normal cracking or settlement or bedding down of new structures
● War or war like operations, Nuclear perils
● Pollution or contamination
● Over-running, excessive pressure, short circuiting etc
