All Risk Property Insurance

Provides indemnity against accidental loss or damage to specified items as a result of any cause within the geographic area specified in the policy. This includes theft, riot and strike, breakage and any other cause not excluded under the policy. It provides cover for loss or damage to property described, caused by fire or lightning. The policy is extended to cover riots, strikes, malicious damage, storm earthquake, and impact by vehicles and other perils. It covers assets such as buildings, plant and machinery, stock insurance, furniture, fixtures and fittings and other office equipment.

This policy also covers machinery breakdown arising from unforeseen and sudden physical loss or damage arising from defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on due to centrifugal force, short circuit, storm or from any other cause not specifically excluded in a manner necessitating repair or replacement