IRDAI License Number: IRDAI/INT/ISNP/2022/250

Plate Glass Policy

Epoch Insurance Brokers Private Ltd.
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Plate Glass Policy
Introduction
Who can take this Policy?
Coverage
Add on Covers
Basis of Sum lnsured
Exclusions
Introduction

Who can take this Policy?

Coverage

Add on Covers

Basis of Sum lnsured

Exclusions

Why Choose PolicyLo.com

Professional and Experienced Team
Professional and Experienced Team
Customized Solutions
Customized Solutions
Strong Relationship With Insurance Companies
Strong Relationship With Insurance Companies
Service Commitment Ontime Everytime
Service Commitment Ontime Everytime
Technological Edge
Technological Edge
Additional Services Offered
Additional Services Offered
Competitive Premium
Competitive Premium
Single Window Solution
Single Window Solution

Important Points to remember while Buying the Policy

Adequate Sum Insured - To Avoid Underinsurance

Cost of the frame should also be included under plate glass sum insured.

  • Most of the times frames also get damaged and if its value/cost is not included in plate glass sum insured then that portion of claim will not be paid. Therefore it is recommended to include cost of frame under plate glass sum insured.
Ensure that assets should be covered under the right entity/company

It is recommended to take plate glass policy in conjunction with property policies.

  • This policy should be synchronized with property policies so that you would dead with single insurerand surveyor at the time of claim.
Risk Location/s should be properly mentioned

Proper description should be mentioned in the policy as annexure.

  • Its better to provide all sizes and quantity of plate glass as per the detailed list to avoid any dispute in claims.
Downloads
Proposal Form
Proposal Form  
Policy Wordings
Policy Wordings  
Claim Form
Claim Form  
Key Documents
General Claim Intimation Format
General Claim
Intimation Format
Immediate Action Client Should Take
Immediate Action Client
Should Take
Indicative General Documents
                            for Settlement of Claims
Indicative General Documents
for Settlement of Claims

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Claim Case Study - 1

1
Situation
Situation

A retail outlet had taken a plate glass policy for its stores. The policy had a condition that movable doors are not covered under the policy

2
Challenge
Challenge

Since the movable doors are not covered under the policy the claim was rejected.

3
Solution
Solution

The post claim negotiation was made with the underwritter and the condition of movable glass was waived off.

4
Advisory/Conclusion
Advisory/Conclusion

Any such condition or warranty which restricts the claim situation should be avoided from the policy.

Claim Case Study - 2

1
Situation
Situation

A 5 star hotel had installed many decorative and designers glass in its property. A traveller who was staying in the hotel accidently hit the plate glass due to which 3 plate glass broke

2
Challenge
Challenge

The plate glass policy taken by the hotel had a exclusion --Designers glass not covered

3
Solution
Solution

4
Advisory/Conclusion
Advisory/Conclusion

If glass installed in the premises are embossed or decorative, this should be mentioned in the policy else the loss occurred to such glasses will not be paid.

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