Page 219 - Misc Ebook IC 78
P. 219

Miscellaneous Insurance

Policy is as under :
(i) Jewellery, gold and silver ornaments, pearls, precious

    stones, cash, currency notes etc, and
(ii) Trade and office furniture and fixtures whilst they

    are in the insured's business premises. The indemnity
    is extended to cover damage done by Burglars to
    the premises, landlord's fixtures and fittings for which
    the insured is legally responsible as tenant, up to
    1% of the Sum Insured.

The cover provided under the policy is divided into four
sections. Coverage under Section I is compulsory but
rest of the sections are optional to the insured. The
sections are as follows :
(i) Section I - Loss or damage to property whilst

    contained in the premises, insured by fire, explosion,
    lightning, burglary, house breaking, theft, hold up,
    robbery, riot, strikes, malicious damage and terrorism.

(ii) Section II - Cover as in Section I whilst property is
    in the custody of the insured, his partner, his
    employees, attorneys, directors, diamond sorters etc
    or whilst the property is in custody of persons not in

Sashi Publications - www.sashipublications.com  215

Copyright@ The Insurance Times. 09883398055 / 09883380339
   214   215   216   217   218   219   220   221   222   223   224