Page 387 - Fire Insurance Ebook IC 57
P. 387
The Insurance Times
(iv) Miscellaneous Perils: i.e, Escape of water, aircraft
damage and impact damage.
General exclusions: Pollution and contamination
cover.
UK also has an All Risk Policy. Usually all perils are
generally covered. The limit of liability can be chosen
by the Insured or offered by the insurer with a reduction
on the premium. The policy specifies the deductibles
and the sum insured. Certain special features of the All
Risk Policy are :
(i) Sum insured will be the limit of liability.
(ii) A first loss cover for certain perils thereby limiting
the insurer's liability.
(iii) Limit of liability for accidental damages.
Another policy called 'Llyods Fire Policy' is
available, which covers only the following:
(i) Fire and/or lightning.
(ii) Fire consequent on explosion wherever the explosion
occurs.
(iii) Explosion consequent upon fire on the premises
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