Page 22 - Fire Insurance Ebook IC 57

Fire and Consequential Loss Insurance

pollution or contamination.

(v) Loss or damage to bullion or unset precious
stones, curios or works of art, for amount
exceeding Rs.10,000, manuscripts, plans
drawings, securities, obligations, any kind of
documents, stamps, coins, paper money,
cheques, books of accounts, business books,
computer system records and explosives. How
ever, some of these properties may be covered
subject to special terms and conditions.

(vi) Loss or damage to the stocks in cold storage
premises caused by change of temperature, though
deterioration of stocks in cold storage premises due
to power failure may be covered by an
endorsement.

(vii) Loss or damage to any electrical/ electronic
machines, apparatus, fixtures and fittings arising
from over running, excessive pressure, short
circuiting, arcing, self-heating or leakage of
electricity etc. These risks are called Electrical
Risks. These risks can be covered under Machinery
Insurance.

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