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Plate Glass Insurance
The insurance policy is ideally suited for all
business establishments that have plate glass installed to enhance
their visual and aesthetic appeal like showrooms, shopping complexes,
restaurants, hotels, theatres, stadiums, etc.
What can be Insured
This insurance policy provides cover for all types
of plate glass installed within premises - ornamental, lettered, embossed
or stained.
Risks covered
This insurance policy offers protection to the insured
party against loss or damages owing to accidental breakage of the
plate glass installed.
Compensation Offered
The insurance policy will indemnify the insured party with an
amount equivalent to repair or replacement and reinstatement of the
damaged
item, subject to the amount of the sum insured.
In case the sum insured
is inadequate, then the amount paid will be summed up proportionately.
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Exclusions
This insurance policy will never pay any claims arising from
- Fire, explosion, gas, heat, war and nuclear perils, riot, strike,
Act of God like flood, earthquake, storm, etc.
- During removal or repair or alteration.
- Loss or damage to glass not completely and securely fixed.
- Breakage of lettering without the breakage
of glass itself.
- Loss or damage to silvered, lettered, curved, embossed and ornamental
glass and also frames not declared specifically.
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