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Building a house, property or business can takes months and years of toiling and hard work. Just one incident can have serious consequences financially in your personal or commercial life. Hence insuring your most important assets are extremely important with a burglary insurance policy. But did you know theft and...

The Burglary insurance policy broadly covers loss and/or damage by burglary, housebreaking including hold-up risk and damage caused to premises. This policy provides cover for property contained in business premises, stocks owned or held in trust and/or commission. It can be further extended to cover cash, valuables, securities kept in...

In today’s day and age insuring assets has become extremely important but most people are clueless when it comes to the insurance type or coverage amount. The prime reason behind this is the low penetration and importance of burglary or theft insurance cover in India especially in tier 2 and...

In under insurance cases, the insurance company applies the average clause to the claim amount calculation. Underinsurance simply means insuring an asset for a lesser amount than the actual value of it. Insurance terms ‘pro-rata’ or the average clause means that claims are paid out according to the proportion of...

An external debris removal clause is a provision in a property insurance policy which covers removal of debris from the insured's property. The debris, however, must have occurred due to an insured peril specifically mentioned in the schedule of the policy. Many a time such clauses cover only a small...