Is Jewellery Block Insurance covers all the perils ? (Jewellery)   The policy covers very specific risks such as: Fire ,Explosion ,lightning , burglary ,hold-up ,robbery , riot strike & malicious damage only but the policy...

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Generally the description of risk under Building in the course of construction is mentioned as “Building” which means the building already built as on the date of damage will be the subject matter of...

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In the event of a claim, each insurer will pay the loss amount in proportion to the Sum Insured under their respective policies, in accordance with the principle of contribution. The object of the...

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The Books of Accounts represent the historical cost of the assets i.e at the price these were purchased and with the passage of time, these assets depreciate in value but whereas the price of...

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Building is a permanent structure and the cost of its basic components used therein, would remain fluctuating over the time on account of inflationary pressures in the economy and other interventions by the Governments...

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Reinstatement Value and Market Value are the only two methods to settle the claims under fire insurance.  Meaning of these two terminologies is totally different and thus its distinction needs to be well understood. If...

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