What does the Shop Insurance policy cover?

This policy covers the following:

Damage Sum insured                              
Fire, due to its own fermentation, or natural heating, or spontaneous Sum insured
Explosion or implosion Sum insured
Lightning Sum insured

Earthquake, volcanic eruption, or other like convulsions of nature

 Sum insured
Storm, cyclone, typhoon, tempest, hurricane, tornado, tsunami, flood and inundation Sum insured
Subsidence of the land on which your home building stands, landslide, rockslide Sum insured
 
Bush fire, forest fire, jungle fire Sum insured
Impact damage of any kind, i.e., damage caused by impact of, or collision caused by any external physical object (e.g. vehicle, falling trees, aircraft, wall etc.) Sum insured
Missile testing operations Sum insured
Riot, strikes, malicious damages Sum insured
       Bursting or overflowing of water tanks, apparatus and pipes Sum insured
Leakage from automatic sprinkler installations Sum insured
Theft within 7 days from the occurrence of and proximately caused by any of the above Insured Events. Sum insured

Additions, alterations or extensions

Upto 15% of sum insured

Temporary removal of stock

 Upto 10% of the value

Stocks on floater basis

Sum insured
Cover for specific contents  

Money

 Upto INR 50,000
Documents such as deeds, manuscripts, business books, plans, drawings, securities etc.

Upto INR 50,000
Computer programmes, information and data Upto INR 5 Lakhs
Cover for personal effects of employees, directors and visitors Upto INR 50,000 per person, upto 20 persons

Start-up expenses

Upto INR 1 lakh

Professional fees

 5% of Claim Amount
Removal of debris 2% of Claim Amount
Costs compelled by municipal regulations

Sum insured

Burglary (for contents only)

Sum insured

Learn more about what is not covered under this policy.