Why this article:
Property (Material Damage) insurance, more traditionally known as Fire Insurance, is a basic insurance cover used by huge number of customers. The promise of true protection under the policy is relied on not only by the customer concerned, but also by their bankers, financiers, employees, suppliers etc. This is because insurance plays an important role in the sustainability of the operations of the economy and therefore the intent and interpretation of the policy has a wider economic angle. During the Tariff regime, under the Tariff Advisory Committee (TAC) the fire policy was considerably expanded to meet various contingencies and renamed as Standard Fire and Special Perils ( in short SFSP) Policy to meet the need for coverage of a wider array of perils.
Even after de-tariffing, the standard fire policy wording continues to be in vogue. The basic SFSP policy cover now offers protection against perils such as Fire, Lightning, Explosion/Implosion, Aircraft Damage, Riot, Strike and Malicious Damage, Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation etc. In addition, the SFSP policy also provides covers for several add-on perils.
この記事は THE INSURANCE TIMES の July 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は THE INSURANCE TIMES の July 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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