Untitled Document
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Wedding Bells Policy
Under this policy, any expenses incurred owing to postponement/
cancellation/ stoppage of the marriage are insurable. The
value of the insured's
property or assets including those leased to him can also be
insured. The policy also covers any loss or damage caused
by legal liabilities
or to third party property at the venue of the occasion. This
policy is ideal for any one who might be arranging for a
marriage and its
subsidiary functions. |
Risks covered
This policy covers risks such as
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Expenses incurred due to non-availability of groom/bride
owing to stranded means of transport or a law and order
problem.
- Expenses incurred due to accidental death of a close family
friend or family member.
- Expenses incurred owing to police
action (other than child marriage or any criminal act).
- Damage to building and contents due to fire and allied
perils.
- Burglary of valuables.
- Legal liability
and third party damage
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Compensation Offered
The policy will compensate the expenses incurred including securities,
advances and departures based on the actuals.
It will also pay for the loss of property due to the insured
based on the actuals and perils insured against.
The policy will pay off the legal liabilities of the insured
and compensate any third party damage if necessary
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Exclusions
The company is will never compensate any indemnity arising
out
- Dispute between the marriage parties.
- Criminal acts, child marriage, marriage under duress.
- Willful negligence, misconduct, misrepresentation, insolvency,
influence of alcohol and drugs.
- Breakage of fragile articles.
- Theft or damage by public
authorities.
- Subterranean fire, damage to electrical apparatus
due to self-heating or short-circuitry.
- Damage involving the insured and/ or his family members
or employees as principal or accessory in case of burglary.
- Fines,
penalties, levies imposed by the government.
- War and war-like
perils.
- Nuclear perils and radioactivity.
- Wear
and tear & consequential losses
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