Inclusion & Exclusion in Fire Insurance for Non-Hazardous Goods Storage
Here are the inclusions and exclusions of fire insurance for non-hazardous goods storage:
| Inclusion |
Exclusion |
| Any damage or loss caused due to fire is covered. |
Any loss or damage caused by any nuclear peril stored in the Non-hazardous Goods Storage is will not be covered. |
| Loss or damage caused due to lightning that cracks or damages the roof of the Non-hazardous Goods Storage will be covered. |
Any loss or damage caused due to short circuit will not be covered. |
| Any loss or damage caused due to explosion will be covered. |
Any loss or damage cause due to war or civil war etc. will not be covered. |
| Any loss or damage caused due to an aircraft crash or any items dropped from an aircraft causing damage to the Goods Storage will be covered. |
Any loss or damage caused to the products stored in the Non-hazardous Goods Storage due to temperature change will not be covered. |
| Any loss or damage caused to the Non-hazardous Goods Storage during a terrorist attack will be covered. |
Any loss or damage caused due to earthquake or volcanic eruption etc will not be covered but there are add-on available that you can purchase separately for extra coverage. |
| Any loss or damage caused by bush fire if the Non-hazardous Goods Storage is surrounded with bush fire will be covered. |
No cover will be provided for the loss in the market or share market of the company. |
| In case the water tank overflows or burst out, the insurer will provide cover for it. |
In case any item is stolen from the Non-hazardous Goods Storage then there will be no coverage provided but there are add-ons available that you can purchase separately. |
| Natural calamity like storm, landslide, etc that caused damage to the Non-hazardous Goods Storage will be covered. |
The policy will not provide cover for anything that is not mentioned in the policy coverage list. |
Fire Insurance for Non-hazardous Goods Storage: Add-ons
There are several add-ons available that you can purchase for extra coverage in case you are not satisfied with the existing policy coverage. They are as follows:
- Loss of Rent
- Architects fee
- Leakage cover
- Start-up cover
- Forest fire
- Molten metal spillage cover
Fire Insurance for Non-Hazardous Goods Storage: Claim Process
The most important thing that you need to know is how to raise a claim when there has been a fire accident that caused damage to the Non-hazardous Goods Storage:
- Contact your insurer and tell about the fire accident so that they can begin the process from their end.
- Provide every detail related to the damage caused to the Storage space and stored goods.
- Cooperate with the surveryors when they visit the Goods Storage.
- After the survey, the insurance company will begin the procedure for claiming process.
- Then in few days your claim will be settled.
Fire Insurance for Non-Hazardous Goods Storage: Documents RequiredÂ
You need to provide a few documents along with the claim form to the insurer so that they can begin the process of claim settlement:
- Properly filled claim form
- Newspaper cutting if it was printed by any newpaper agency/company
- Previous claim record, if any
- Report of fire brigade
- Forensic report if requiredÂ
- Final investigation report copy
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