When you start building a restaurant, as a safety measure you have to install smoke detectors, fire alarms, water sprinklers, etc. When you opt for an insurance policy, the insurer note down these things and you get benefits like lesser premium rates because these safety measures decrease the chances of any severe damages and loss hence lesser chances of raising a claim. Since we are here to tell you about the fire insurance for restaurants. Let us begin with it.Read more
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There are certain things that you should keep in mind while purchasing this insurance policy.
|Damage or loss caused by fire is covered.
|Keeping nuclear perils inside the restaurant that causes damage is not covered.
|Damage or loss caused by lightning that breaks the roof of the restaurant is covered.
|Damage caused by short circuits and apparatus will not be covered.
|Loss or damage caused due to airplane crash or any article dropped out of it that damages the restaurant is covered.
|Any damage or loss caused due to war or civil war will not be covered.
|Loss or damage due to any terrorist attack is covered.
|Any loss or damage caused to the stored food item or anything due to change in temperature will not be covered.
|Loss or damage caused by bush fire around the restaurant is covered.
|Any loss caused by volcano or earthquake will not be provided. Policyholder will have to add-on riders for extra cover like earthquakes.
|The water tank burst and water overflow causing damage to the restaurant is covered.
|Loss caused by market fluctuation will not be covered.
|Damage or loss caused by storms, landslide, etc is covered under the policy.
|No cover will be provided for any stolen item but there are add-ons available to purchase that will provide cover for stolen items as well.
|In case of an explosion, insurer will provide cover for damage.
|The policyholder will not get cover for anything that’s not mentioned in a particular plan.
If you feel that the standard fire insurance policy is not enough to cover your restaurant then there are several add-ons available that you can add to your existing plan. They are as follows:
You can ask your insurer for more add-ons that can provide extra cover as the availability depends on the company.
As we have told you almost everything about the policy, let us now tell you about the most important part that is raising the claim. So here are the steps that you can follow to raise a claim:
In order to raise the claim, you will have to provide following documents to the insurance company so that the claiming procedure can begin.
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