Covering your shop

Natural calamities include fire, lightning, earthquake, fire, landslide and rockslide damage, floods, inundations, storms, tempests, typhoons, hurricanes, tornados, or cyclones.

Man-made calamities include explosion of gas in domestic appliances, bursting and overflowing tanks or pipes, damage caused by aircrafts, riots, strikes, malicious or terrorist acts, and impact damage.

Additional risk covers provide for:

• Removal of debris
• Costs to comply with building regulations following damage
• Consulting fees for architects, surveyors, and consulting engineers
• Temporary removal of equipment to another place for repairs or renovation
• Loss of rent as landlord
• Additional expenses for rent for tenant
• Increase in sum insured throughout the year to guard against inflation

Exclusions

• Insurance companies are selective about the risk covers they offer in shopkeepers' insurance policies. For instance, some may charge an additional price for cover against terrorist activities. Others may enforce deductibles that expect you to pay a portion of the claim amount.
• Loss, destruction or damage caused by:

• War, invasion, foreign enemy hostilities, war-like operations, civil war, mutiny, civil commotion
• Nuclear activity
• Pollution or contamination

See also:

Covering merchandise in shop
Covering a rented shop