All Risk Insurance

All Risk Insurance cover a wide range of risks. Infact it covers damage to or loss of property due to any reason whatsoever except for those specifically excluded in the policy. This cover is especially suitable for all kinds of portable devices are equipment. Since fire insurance is location specific and portable equipment can move anywhere within certain geographical limits, they cannot be covered under a Fire Insurance policy. An All Risk Insurance policy provides them a comprehensive cover. Hence the following equipment and similar equipment should be covered under am All Risk Insurance:

• Cameras
• Laptops
• Mobile phones
• Medical Devices
• Telecom Devices
• Various kinds of measuring devices and meters
• High value watches

The main exclusions in the policy are:

• Wear and tear or depreciation
• Damage due to moth, vermin, insects, mildew
• Damage during cleaning, dyeing, restoring or repairing
• Denting, scratching, or breakage of fragile and brittle substances
• Mechanical or electrical breakdown
• War and nuclear perils