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Shriram Fire Insurance Coverages

Choose the preferred add-on for enhanced protection at an additional premium with Shriram Fire Insurance policy

Types of Shriram Fire Insurance Coverages

Shriram Standard Fire and Special Perils Policy

The Standard Fire and Special Perils policy may cover various assets such as buildings, plant & mach stock and furniture, against loss or damage due to various unforeseen events such as fire, ligh explosion/implosion, aircraft damage, riot, strike and so on

What is Covered?
What is not Covered?

Fire, lightning, explosion/implosion

Aircraft damage

Riot, strike and malicious damage

Storms, cyclones, floods, tempests, hurricanes, tornados and inundation

Impact damage, subsidence and landslide including rockslide

Bursting and/or overflowing of water tanks, apparatus and pipes

Missile testing operations

Leakage from automatic sprinkler installations and bush-fire

Loss, destruction or damage caused by war/invasion

Act of foreign enemy hostilities or war-like operations (whether war be declared or not)

Civil war, mutiny or civil commotion

Military rising, rebellion, revolution, insurrection, military or usurped power

Industrial All Risk Policy

All industrial risks (other than risks rateable under Petrochemical Tariff) have an overall Sum Insured of Rs. 50 crores and above in one or more locations in India shall be eligible for the Industrial All Risks Policy

What is Covered?
What is not Covered?

Material Damage

Standard Fire & Special Perils
Burglary
Machinery Breakdown/Boiler Explosion/Electronic Equipment Insurance

Business Interruption

Fire Loss of Profit
Optional Cover: Machinery Loss of Profit

Faulty or defective design materials, inherent vice, latent defect, gradual deterioration, deformation, distortion, wear and tear

Interruption of the water supply, gas electricity, fuel systems or failure of the effluent disposal systems to and from the premise

Fire Loss of Profit Policy

The fire loss of profit policy operates in the event of damage to an insured's premises due to any event insured under the Standard Fire & Special Perils Policy, causing an interruption to the policy holder's business

What is Covered?
What is not Covered?

Loss of gross profit due to a reduction in turnover

The increased cost of working incurred in minimizing that loss of gross profit

Loss of wages

Lay off & retrenchment

Auditor/Accountant fees

Loss of goods lying at supplier's premises

Loss due to accidental failure of public electricity/gas/water supply

Loss, destruction or damage caused by war/invasion

Act of foreign enemy hostilities or war-like operations (whether war be declared or not)

Civil war, mutiny or civil commotion

Military rising, rebellion, revolution, insurrection, military or usurped power

Frequently Asked Questions

What do you mean by Standard Fire and Special Perils policy?

A comprehensive standard fire and special perils policy covering the physical loss or damage to insured property caused by fire and other perils

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Blogs

Essential Car Documents for Every Driver in India

Posted on 2024-11-21 08:36:13

Driving on Indian roads without the proper documentation can result in legal consequences, ranging from hefty fines to car impoundments. Having the right documents in your car in India is important and mandatory. It helps you follow the law and be prepared for any unexpected situations. Whether it's normal traffic checks or unfortunate incidents, having organised vehicle documents as per a checklist makes everything easier. In this blog, we'll go over the car documents that you need to carry with you at all times by law. We will also explain the penalties for not having them, and provide practical tips on how to store and access these documents safely, both physically and online. After reading this blog, you'll be prepared for a pleasant and worry-free travel no matter where the road takes you.

Why Choose a 3-Year Car Insurance Policy?

Posted on 2024-11-07 10:25:32

As a responsible car owner, one prefers to choose the most suitable Car Insurance plan to protect one’s vehicle. In this context, it is useful to know that a 3-year Car Insurance Policy provides not only security but also benefits over the long term. In this blog, we will discuss the multiple benefits of choosing 3-year vehicle insurance coverage, enabling you to make an informed decision about whether it is the right choice for you.

Does Car Colour Affect Your Car Insurance Premium?

Posted on 2024-11-07 09:46:16

The choice of colour for a new car is typically a personal one. But how does it affect your Car Insurance premium? While the colour of your car might impact its resale value and visibility, it is not a significant factor in determining insurance premiums. This blog will look at the specific elements that influence your policy premiums, as well as the facts pertaining to how car colour influences insurance costs.

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