If the value of goods changes periodically Open Goods Insurance policy will be issued based on the highest insured value and updated general every 3 months. Therefore while paying the premium according to the value of goods in stocks you also have maximum coverage as specified in the insurance against damages during the periods when there are changes in the value of goods. This Insurance is also offered under the General Conditions of Fire Insurance.
Coverage:
- Commercial Risks,
- Industrial Risks,
Insurance Coverage:
- Commodities
Compulsory Insurance Coverage:
- Fire, Thunderbolt, Explosion,
- Earthquake Content,
Optional Coverage:
- Strike, Lockout, Civil Commotion, Riot, Malicious Act and Terrorism,
- Internal Water,
- Storm,
- Landslide,
- Aircrafts,
- Land Vehicles,
- Smoke,
- Weight of Snow,
- Theft,
- Earthquake-Content
