‘C’
(FIRE RISK’S ONLY)
FIRE;
LIGHTNING
‘B’
(BASIC COVER)
FIRE; LIGHTNING;
BREAKING OF BRIDGES;
COLLISION WITH OR BY THE CARRYING VEHICLE;
DERAILMENT OR OVERTURNING OF THE CARRYING VEHICLE;
ACCIDENTS OF LIKE NATURE TO THE CARRYING RAILWAY WAGON/VEHICLE.
‘A’
(ALL RISKS)
ALL PHYSICAL LOSS OR DAMAGE TO THE INSURED GOODS EXCEPT AS PER EXCLUSIONS. IT COVERS ALL RISKS BUT NOT ALL LOSSES.
EXCLUSIONS :- IN NO CASE SHALL THIS INSURANCE COVER LOSS, DAMAGE OR EXPENSE ATTRIBUTABLE TO OR CARUSED BY:-
WILFUL MESCONDUCT OF THE ASSURED
ORDINARY LEAKAGE, LOSS IN WEIGHT OR VOLUME WEAR AND TEAR;
INSUFFICIENCY OR UNSUITABILITY OF PACKING OR PREPARATION OF THE SUBJECT-MATTER INSURED;
INHERENT VICE OR NATURE OF INSURED GOODS;
DELAY-EVEN THOUGH THE DELAY CAUSED BY A RISK INSURED AGAINST;
WAR & WAR LIKE RISK;
STRIKES, RIOTS & CIVIL COMMOTION RISKS.
IONISING RADIATIONS OR CONTAMINATION RADIO ACTIVITY, NUCLEAR WEAPONS MATERIAL
NOTE : S.R.C.C. RISKS CAN BE COVERED ON PAYMENT OF EXTRA PREMIUM
DURATION :- UNDER CLAUSE ‘C’:-
Attaches from the time the insured goods loaded into the WAGON/TRUCK for the commencement of transit and continues during the ordinary coure of transit including customary transhipment, if any, and ceases immediately on the unloading from wagon at the final destination Railway Station or arrival of vehicle at the destination named in the Policy.
UNDER CLAUSE ’B’ ‘A’ :-
Attaches from the time the insured goods leave the Warehouse/Store for the commencement of transit and continues during ordinary course of transit including Customary transshipment, if any 1. Until delivery to the final Warehouse at destination Station or 2. Until expiry of 7 days after arrival of the vehicle Railway wagon at the final destination Rly. Station of the vehicle at the destination town, whichever shall first occur.
DUTY OF THE ASSURED :-
It is the duty of the Assured and their Agents and servants in respect of loss recoverable hereunder:-
1. To take such measures as may be reasonable for the purpose of averting or minimizing such loss;
2. To ensure that all rights against carriers, bailees and other third parties are properly preserved and exercised by lodging monetary claim against Railways/Road Carriers/bailees within prescribed time limit as per governing statute.
REASONABLE DESPATCH :-
It is condition of this insurance that the assured shall act with reasonable despatch in all circumstances within their control.