Page 132 - Fire Insurance Ebook IC 57

Fire and Consequential Loss Insurance

(i) Rates provided shall also apply to buildings
storing the materials.

(ii) Utilities and miscellaneous blocks shall be rated at
Re.1.0 per mille.

(iii) The presence of hazardous goods not exceeding 5%
of total stock value may be allowed at the same
rate.

(iv) Incidental open storage up to 2% of Sum Insured
can be allowed if risk is rated under " materials
stored in go down."

(v) Operations such as packing /selecting /assorting /
mending /stitching /battery charging and the like do
not alter the nature of risk , so are allowed to be
carried out within the premises.

Gas holders and tanks have some specific rates provided
in the Tariff.

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