• Fire
• Lightning
• Explosion / Implosion
• Aircraft Damage
• Riot, Strike and Malicious Damage (RSMD)
• Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation (STFI)
• Impact Damage
• Subsidence and Landslide including Rock Slide
• Bursting and/or overflowing of Water Tanks, Apparatus and Pipes
• Missile Testing Operations
• Leakage from Automatic Sprinkler Installations
• Bush Fire

Important exclusions in the policy are as given below. (The list is not exhaustive. Please refer to full policy conditions for more details)

• Excess.
• Loss, destruction or damage caused by war, invasion, act of foreign enemy hostilities or war like operations (whether war be declared or not), civil war, mutiny, civil commotion military rising, rebellion, revolution, insurrection or military or usurped power.
• Ionising radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel.
• Pollution or contamination.
• Loss, destruction or damage to bullion or unset precious stones, any curios or works of art for an amount exceeding Rs. 10000/-, manuscripts, plans, drawings, securities, obligations or documents of any kind, stamps, coins or paper money, cheques, books of accounts or other business books, computer systems records, explosives, goods held in trust unless otherwise expressly stated in the policy.
• Loss, destruction or damage to the stocks in Cold Storage premises caused by change of temperature.
• Loss, destruction or damage to any electrical machine, apparatus, fixture, or fitting arising from or occasioned by over-running, excessive pressure, short circuiting, arcing, self heating or leakage of electricity from whatever cause (lightning included) provided that this exclusion shall apply only to the particular electrical machine, apparatus, fixture or fitting so affected and not to other machines, apparatus, fixtures or fittings which may be destroyed or damaged by fire so set up.
• Expenses necessarily incurred on (i) Architects, Surveyors and Consulting Engineer's Fees and (ii) Debris Removal by the Insured following a loss, destruction or damage to the Property insured by an insured peril in excess of 3% and 1% of the claim amount respectively.
• Loss of earnings, loss by delay, loss of market or other consequential or indirect loss or damage of any kind or description whatsoever.
• Loss, or damage by spoilage resulting from the retardation or interruption or cessation of any process or operation caused by operation of any of the perils covered.
• Loss by theft during or after the occurrence of any insured peril except as provided under Riot, Strike, Malicious and Terrorism Damage cover.
• Any Loss or damage occasioned by or through or in consequence directly or indirectly due to earthquake, Volcanic eruption or other convulsions of nature.
• Loss or damage to property insured if removed to any building or place other than in which it is herein stated to be insured, except machinery and equipment temporarily removed for repairs, cleaning, renovation or other similar purposes for a period not exceeding 60 days.

• Stocks (raw materials, in–process, semi–finished, finished, packing materials, etc.) in factories, godowns, etc.,
• Stocks in the open