Page 140 - Fire Insurance Ebook IC 57

Fire and Consequential Loss Insurance
n It is the practice to attach printed forms of warranties

applicable to risks commonly covered, each warranty with a
number.
n Any warranty which is applicable to a specific risk and is not in
the printed form, it is typed in the policy

Examples of warranties

Class of construction

"Warranted that the buildings are not of Kaccha construction
consisting of walls and / or roofs of wooden planks / thatched leaves
and / or grass / hay of any kind / bamboo / plastic cloth/ asphalt cloth
/ canvas / tarpaulin and the like."

FEA warranty

"Warranted that Fire Extinguishing Appliances in respect of which
discount is given shell conform to the Tariff Advisory Committee
regulations and shall be maintained in efficient working condition
at all times and an annual maintenance contract with an external
agency shall be in force at all times throughout the currency of this
policy".

Clauses attached to policies

Special clauses may be attached to policies like
a) Agreed Bank Clause.
b) Reinstatement Value Clause.
c) Earthquake extension clause, etc.

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