About the Service
Property damage insurance protects a company’s physical assets against loss or damage caused by sudden and unforeseen events.
Purpose of Cover
- Protecting the company against the financial consequences of property damage
- Ensuring the continuity of operations following an insured event
Insured Events
- Loss of or damage to insured property resulting from fire, explosion, natural hazards, strikes, riots, civil unrest, acts of terrorism, sabotage or other insured risks
Scope of Indemnity
Includes, but is not limited to:- Costs associated with restoring, repairing or replacing damaged property
- Additional expenses incurred for firefighting, protecting and preserving property, expediting recovery, clearing the site and other extensions of cover
