Various conditions under fire insurance policy

There are fifteen conditions in the policy. They are:

(1)  Voidable Condition: This condition provides that the policy shall be void able in the event of misrepresentation, mis-description or non-disclosure of any material particulars. This condition emphasizes the principle of utmost good faith. Read more

Sum insured in the Standard Fire Policy

Under the Fire Insurance policy the Underwriters agree that “If after payment of the premium the Property Insured described in the said Schedule or any part of such Property be destroyed or damaged by any of the perils specified hereunder during the period of Read more

Commercial – Standard Fire and Special Perils Policy from Universal Sompo General Insurance Co. Ltd.

The fire insurance policy covers all immovable and movable property located in a particular premise such as buildings, plant and Read more

Interpretation in detail of Exclusion No. 7 under standard Fire and Special Perils Policy

The exclusion No.7 of Fire Tariff is herewith produced regarding loss of Electronic/Electrical Equipments under Fire Policies. Read more