Contractors All Risk Insurance for Interior Decoration

Contractors All Risk Insurance for Interior Decoration: Inclusions

Contractors all risk insurance for interior decoration provides coverage for the following perils:

• Loss or damage due to fire or lightning
• Loss or damage because of strikes, riots, or any other malicious activity
• Loss or damage because of tempest, inundation, flood, storm, etc.
• In case of theft or burglary, the insurer will provide coverage
• In case of collision, impact or collapse, the insurer will provide coverage
• Loss or damage because of subsidence, rockslide or landslide

Contractors All Risk Insurance for Interior Decoration: Exclusions

Contractors all risk insurance for interior decoration does not provide coverage for the following perils:

• If the work is stopped partially or permanently
• Inventory losses will not be covered
• Wear and tear will not be covered
• Any consequential loss is not covered
• Any kind of damage caused due to faulty design where the interior decoration is happening
• Any kind of loss or damage caused due to poor or defective material
• Damage caused during war or any other related perils
• Willful negligence or misconduct of the insured that leads to any kind of loss or damage is not covered
• Damage caused due to nuclear reaction, nuclear radiation or radioactive contamination

Contractors All Risk Insurance for Interior Decoration: Additional Coverage

In order to enhance the coverage of your insurance plan, you will have to purchase the below mentioned add-ons:

• Earthquake
• Surrounding property
• Contractors plant and machinery
• Third-party liability
• Removal of debris
• Construction equipment like scaffolding, shuttering material, etc.
• Terrorism
• Maintenance visit & extended maintenance

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