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GLASS INSURANCE

 

GLASS INSURANCE

 

Salient Feature. 1

Scope of Cover 1

Premium Rating. 1

 

Salient Feature

 

Plain and ordinary glazing glasses without embossing, silvering, lettering, bending or ornamented fitted to doors, windows, show-cases, counters and shelves and plain mirrors can be insured under this class of insurance. Crockeries are not insurable under Glass Insurance.

 

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Scope of Cover

 

a)       The policy covers the cost of making good accidental breakage of insured glass.

 

        b)     The policy does not cover

 

i)damage caused by scratches, Fire or Explosion, war perils, strike, riot and civil commotion, typhoon, Flood, Hurricane, Volcanic Eruption, Earthquake or other convulsion of nature, Nuclear risks ( which are to be covered under a Standard Fire and Special Perils policy or Householders policy or Shopkeepers policy or Office Package policy).

 

ii)  any misdescription of the glass (unless expressly stated all glass shall be    considered plain and of ordinary glazing quality and without embossing, silvering, lettering, bending or ornamental work of any kind);

                               

 iii)  cracked or imperfect glass;

 

iv)  damage to frames or framework of any description.

               

                        v )  removal or replacement of any fittings or fixtures in order to replace glass.

 

                        vi) cost of boarding up or any loss or damage arising the interruption of or delay in the

                             business during the time intervening between occurrence of any breakage and

                            of reglazing.

 

                       vii) Breakage of the glass whilst not fixed.

 

 

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Premium Rating

 

The following  rates are basic subject to the loading for special types and situations :

 

a)            Plain plate glass with                        - 2% to 5% on the estimated

                no unusual hazards                            total value of glass.

 

b)            For frames and frame work               - 1% on the estimated value.

 

c)             Stained glass (Plain)                          -extra 1% on the total value

 

d)            For Riot & Strike                                   -loading 20% of the total premium.

 

e)            Protected by wire netting                     -Premium for that part of the glass

                                                                                  shall be reduced by 20% subject

                                                                                  to the following warranty.

 

Warranted that the glass mentioned under item nos. of the Schedule shall remain covered by wire netting as described in the proposal during the period of insurance.

 

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