Consequential Loss

Compensates for lost income if your business has to vacate the premises due to any peril covered under the existing fire insurance policy.

Covers the loss of income during the business interruption period due to loss or damage to your property. This policy is only provided along with a property insurance.

What can be insured?

Loss of gross profit
Standing charges
Increased cost of working

Perils Covered:

Fire
Lightning
Explosion
Riot and Strike
Malicious damage
Flood
Damage/Loss due to bursting or overflowing of water tanks, apparatus or pipes
Impact Damage by road vehicles
Earthquake, Volcanic Eruption, Hurricane, Tidal Waves, Cyclone, Typhoon, Tsunami, Windstorm, and Flood arising therefrom
Aircraft including other aerial devise & articles dropped therefrom
Aircraft including other aerial devise & articles dropped therefrom

Exclusions:

Main Exclusions of this policy are but not limited to:
Loss or damage caused by burning of property by order of any public authority
Loss or damage caused by subterranean fire
Loss or damage caused by nuclear reaction and radioactivity

How to Claim

Inform Allied Insurance Company immediately after the incident:
Call Customer Care Toll Free 1600
Emailing to: [email protected]
Visit MyAllied

Important instructions

1. Insured should make sure that you take all necessary action to minimize the losses.

2. In the event of a fire, a collision involving a third party, burglary/theft or malicious damage claim, you must notify the police as soon as possible and obtain a police report.

3. Repair works should be carried out with our approval.

4. All damaged items should be preserved for inspection

Related Documents

Proposal Form