BANKING AFFAIRS

Detailed explanation-1: -Insurance of property means insurance of buildings, machinery, stocks etc against Fire and Allied Perils, Burglary Risks and so on. Whether you own your building, lease your workspace or work at home, business property insurance protects your business’ physical assets.

Detailed explanation-2: -Standard Fire and Special Perils Insurance is a traditional cover that offers cover against fire and allied perils which are named in the policy. The policy can cover building (including plinth and foundation), plant and machinery, stocks, furniture, fixtures and fittings and other contents.

Detailed explanation-3: -Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.

Detailed explanation-4: -Fire and Allied Perils covers against damage or destruction caused by fire, lightning, or the explosion of domestic appliances. You can use it to protect your home or business premises.

Detailed explanation-5: -The insurance cover will be for furniture, fixtures and stock are covered against any losses due to Fire and Burglary incidents.