• Wide Cover - This policy covers against loss or damage to the property insured by any accident or misfortune unless specifically excluded in the policy. Premium is much higher.
• Restricted Cover - This policy covers against loss or damage to property insured on named perils basis. Premium is cheaper.

The types of property that can be covered: -

• Commercial or Industrial machinery of any kind.
• Must be stationary & not moveable.

Commercial Equipment

• Office machinery
• Electrical, scientific equipment
• Musical instruments
• Entertainment equipment
• Survey equipment
• Medical equipment

Industrial Equipment

• All types of factory machinery

Exclusions

• Wear & tear, gradual deterioration, any process of cleaning, dyeing, restoring, repairing or renovation.
• Mechanical derangement or defects
• Scratching or denting
• Cracking or breakage of brittle articles.
• Deeds, bonds, bills of exchange, promissory notes, cheques, money, medals etc.