Package Policies
February 1, 2022 12:15 pmPackage Policies come in a combination of general liability insurance and property insurance covering several different risks under them.
Package Policies come in a combination of general liability insurance and property insurance covering several different risks under them.
The policy seeks to cover the insured against their legal liability to pay compensation (including claimants costs fees and expenses) in respect of injury damage or pollution for third parties for claims arising out of accidents due to any defects in the products specified in the policy during the period of the insurance and first made against the insured during the policy period.
This policy broadly covers material damage to electronic equipment (which can include systems software) due to sudden and unforeseen events, cost of external data media, including cost of reconstruction of data, as also increased cost of working.
The policy covers loss and / or damage by burglary, housebreaking, theft following upon actual, forcible and violent entry of and/or exit from the premises including hold-up risk and damage caused to premises.
When a mobile is lost or damaged, there is a chance of device data being lost or stolen, creating problems of different levels, including financial damage. This policy provides coverage against theft or accidental damage to all types of phones, including smartphones.
Standard Fire and Special Perils policy provides protection to properties like building, contents, stock etc. against fire and both natural & man made perils as specified in the terms.
Marine Insurance covers the dangers faced by ship and cargo owners, terminal controllers and different delegates in the shipping industry.
Travel Insurance Policy covers expenses incurred towards medical treatment for accident or disease sustained during overseas trips and loss of passport.It insures people going abroad on business & holiday.
Health insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to hospitalisation... View Article
Motor insurance covers the policyholder in case of financial losses caused due to an accident or other damages sustained by the insured vehicle. This comprehensive motor insurance policy covers damages to third-party and third-party property along with compensating for own losses as well.