Page 244 - Misc Ebook IC 78

The Insurance Times

Q4. Write detailed note on (i)Lift irrigation
insurance or Delay of Baggage Cover under
Videsh Yatra Mitra policy.

Ans. (i) Lift Irrigation Insurance -the lift irrigation system
comprises of Intake well, Delivery chambers, Jack
Well, Pump House, Water Storage Tank, Pipelines
Cables, Switch Gears, Starters, Electric motors of
capacity from 3HP to 200HP.

Coverage: The policy provides indemnity against
unforeseen and sudden physical loss or damage by
Fire, Riot, Strike and Malicious Damage, Storm,
Flood, Earthquake, Landslide, Theft, Bursting of
Pipelines, Mechanical or Electrical breakdown.

The insurance applies to insured property specified
in the policy. The insured has to specify the
properties.

The important exclusions are:
(i) Loss or damage insulting from overload experiments
(ii) Gradually developing flaws, defects etc.

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