This POLICY covers damage to insured commercial property due to fire, lightning, explosion, earthquake, riot, civil commotion, strike, theft or any attempt thereat, storm, tempest, flood, bursting or overflowing of pipes or apparatus, subsidence & landslides accidental damage, 100% additional & special perils etc. The policy is offered in partnership with Minet and is underwritten by ZSIC General, NICO, Hollard and Professional Insurance
Features
Cost of demolition, site clearance, erection or hoardings-10% of claim subject to a maximum of K150,000.00 OR USD15,000.00
Fire Brigade Charges – 10% of the sum insured
Architects, quantity surveyors and consulting engineers – 10%of sum insured
Claims preparation costs
Bush fire cover
Loss of receivable rent- K5,000.00 for not more than three months
Riot, strike and civil commotion – non-Political
10% Minimum K500.00 each and every claim
Some notable exclusion among other
Cost of demolition, site clearance, erection or hoardings-10% of claim subject
Damages to the property outside the occupancy period
Consequential loss
Political, terrorism and war risks
Willful acts
Some notable warranties
Cost of demolition, site clearance, erection or hoardings-10% of claim subject
Standard construction
Fire Fighting Appliances
10 meters Fire break for all insured properties
Whis is eligible?
Corporate and Business Banking Customers
Requirements before Cover is confirmed
Physical address of the property to be covered
Right rebuilding cost supported by a valuation report
