This policy covers property and insured items against loss or damage due to Fire, Lightning, Explosion/ Implosion, Aircraft Damage, Riot, Strike, Malicious Damage,Earth Quake (shock & fire), Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado,Flood and Inundation, Impact Damage, Subsidence and Landslide including Rock-slide, Bursting and/or overflowing of Water Tanks, Apparatus and Pipes Leakage from Automatic Sprinkler Installations and Bush Fire.

INFORMATION REQUIRED FOR ISSUANCE OF COVER/QUOTATION

• Occupation of Building (specify if it is an office, shop, factory, warehouse or residential house)
• Value of building (s) including fittings and fixtures
• Value of machinery, plant and equipment
• Stock (please describe what kind of stock)
• Value of furniture/fixtures/fittings
• Value of other contents
• Value of goods held in trust or commission

Basis of valuation

1. On Buildings, Plant Machinery and Equipment: Reinstatement new for old-subject to sum insured adequacy and no depreciation allowed.
2. On Stocks and other items:  Indemnity based on actual market value.

CLAIMS PROCEDURES AND DOCUMENTS REQUIRED

1. Notify the insurer or NMB claims team about the claim as soon as possible
2. Copy of ID (NIDA, Driving License or Voters ID)
3. Duly completed claim form
4. Purchase invoices (for stock)
5. Cash and sales books (for stock)
6. Valued inventory (for plant & machinery)
7. Photos of the damaged site or propery
8. Any other information as may be requested by insurer/NMB claims team