What does RSMD mean in Fire Insurance?

RSMD (Riots, Strikes, and Malicious Damage) is a multitude of risks that can be compensated by fire insurance. Specific policies such as Bharat Laghu Udyam Suraksha, Bharat Sookshma Udyam Suraksha, and Standard Fire and Special perils, grant insurance for any damage or loss caused by RSMD to furniture, stock, machinery, building etc. Hence, the RSMD in fire insurance can be referred to as the incidents that occurred due to riots or strike, and damaged the valuable goods insured.