HDFC ERGO’s STANDARD FIRE AND SPECIAL PERILS POLICY

HDFC ERGO’s STANDARD FIRE AND SPECIAL PERILS POLICY
Fire insurance Policy covers all immovable and movable property located in a particular premise such as Buildings, plant and machinery, furniture, fixtures, fittings and other contents, stocks and stock in process along with goods held in trust or on commission.

What does this Policy cover?

This Policy covers loss or damage to the insured assets resulting from:

• Fire, Lightning
• Explosion/ Implosion
• Aircraft Damage
• Riot, Strike, Malicious Damage
• Storm, Typhoon, Hurricane, Tornado, Flood and Inundation
• Impact damage
• Subsidence and landslide including Rock slide
• Bursting and overflowing of water tanks, apparatus and Pipes
• Missile testing operations
• Leakage from Automatic Sprinkler Installation
• Bush Fire

Some Optional Extensions :

• Architects, Surveyors and Consulting Engineers Fees (in excess of 3% of claim amount)
• Debris Removal (in excess of 1% of claim amount)
• Forest Fire
• Impact damage due to insured's owns vehicles, Fork lifts, Cranes, Stackers and the like
• Spontaneous Combustion
• Omission to insure addition alterations and extensions
• Earthquake (Fire & Shock)
• Loss of Rent
• Terrorism damage
• Escalation

Broad Exclusions :

Loss or damage resulting from:

• Fire due to own fermentation, natural heating or spontaneous combustion of the stocks or by their undergoing any heating or drying process
• Burning by order of any Public Authority, War, Pollution etc.
• Pressure waves generated by aircraft
• Burglary, house breaking, theft, larceny arising out of riot, strike, malicious damage
• Impact damages by rail/road vehicle/animal belonging to the insured or employee or any occupant on the premises
• Normal cracking, settlement, bedding down, up heaving of land/structures, coastal or river erosion, defective design, workmanship or use of defective materials

​​​​​​​FOR FURTHER INFORMATION, PLEASE CONTACT YOUR RELATIONSHIP MANAGER