Page 62 - Fire Insurance Ebook IC 57

Fire and Consequential Loss Insurance

The Tariff provides a detailed list of commodities
for easy reference.

Q2. What are the provisions regarding coverage
of earthquake

Ans In consideration of an additional premium, insurance
company agrees to extent the policy to include loss of
damage to the insured property by earthquake or in
consequence of earthquake.

It includes flood, overflow of seas, lakes, rivers &
reservoirs, except when STFI cover is opted out.
Provided all the conditions of the policy apply, the fire
policy extends to include all the perils by virtue of the
endorsement.

Q3. What are the provisions regarding the
coverage of forest fire

Ans Though the fire policy covers bush fire it excludes forest
fire. This extension includes loss or damage to the
property insured, directly caused by burning, whether
accidental or otherwise, of forest, jungles and clearing
of lands of lands by fire.

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