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Section I
Covers loss of or damage to the stock in trade and also
cash and currency notes as stated under (a) to (e) below while contained in
the premises where the Insured’s business is carried on or at other premises
where the property insured is deposited.
a)
Property
insured on the premises.
b)
Property
insured in Display windows.
c)
Property
insured in locked safe on the premises.
d)
Cash and
currency notes.
e)
Property
insured in Bank Lockers.
Scope: Fire, Explosion, Lightning, Burglary, House
breaking, Robbery, Hold-up, Theft, RSDMD & Terrorists Risks. On payment
of additional premium Flood, Storm, Tempest and Earthquake risks can be
covered.
Section II
Covers loss of or damage to the stock-in-trade while
carried or conveyed or distributed outside the premises by specified persons for
the purpose of the insured’s business by any cause whatsoever except as
specifically excluded in the policy.
Property insured while in the custody of the insured,
his partners, or his employees, Directors, duly constituted attorneys and
sorters of Diamonds, Persons not in regular employment of the insured such as
Brokers, Agents, Cutters or Jewellery Manufacturers.
Scope: All risks cover
Section III
Covers insured property (excluding currency) whilst in
transit within India by registered Post/Air freight only.
a)
Registered
Insured Post Parcel : Rs.5 lacs or 10% of the S.I. under Sec. I whichever is less.
b)
Air freight
(full value to be declared to the Air Lines)
Scope: All risks cover
Section IV
Loss or damage to the Furniture, fixture, fittings, safe
& trade equipments by fire and allied perils or burglary and/or house
breaking, theft, robbery, hold up, riot, strike and malicious damage only.
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