Page 34 - Misc Ebook IC 78

The Insurance Times

Q7. (a) Specify the cover available under the
different sections of the Jeweller's Block
Insurance Policy.

(b) Explain the following in connection with
Banker's Indemnity Insurance : (i) Excess
(ii) Re-instatement (iii) Retroactive
Period and (iv) Additional Sum Insured.

Ans.(a) The property covered under Jeweller's Block
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

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