Property All Risk insurance, as the name suggests, is an all-risk-policy. The product protects property owner from all risk of physical loss or damages unless specifically excluded from policy.
The main coverages are, fire, lightning and explosion, natural calamities such as flood, storm, rain and tempest etc. Impact by damages of road vehicles or by any aerial devices, water damages like bursting of pipe / water tanks, sprinkle leakages.
Main exclusions are, wilful acts or gross negligence, destruction / damage by own fermentation, natural heating or spontaneous combustion, explosion / implosion damage to boilers, damage caused by centrifugal forces, forest fire, war and warlike operations, nuclear contamination and pollution, pollution and contamination.