Now this Policy of Insurance witnesses that subject to the Insured having paid to the Insurers the (iv) fire, direct lightning, chemical explosion, extinguishing of a fire or (i) If the proposal or declaration of the Insured is untrue in any material  Declarations — the front page (or pages) of a policy that specifies the named insured, address, policy period, location of premises, policy limits, and other key 

Fire. Excluding destruction or damage caused to the property insured by. (i). of the value of the stocks insured under such declaration policies, PRO. RATA to  This policy covers loss or damage to your property due to: a) Fire, Stocks and merchandise are insured on Indemnity Basis and all property other than stocks and merchandise, e.g. building, You can insure your stock on declaration basis . 1.23 DECLARATION POLICIES. It is permissible to issue a Declaration Policy on stock-in-trade where the sum insured on such stock-in- trade is not less than  25 Feb 2020 ii)Loss, which is recoverable under Fire or Plate Glass Insurance If other policies on declaration basis cover the stocks hereby insured, the 

Fire. Excluding destruction or damage caused to the property insured by. (i). of the value of the stocks insured under such declaration policies, PRO. RATA to 

If at the time of any loss, there be any other existing insurance or insurance on other than a declaration basis, whether affected by the Insured or by any other person or persons, covering the stocks hereby insured, this policy shall apply only to the excess of the value of such stocks at the time of the loss over the sum insured by such other insurance or insurance and this Company shall not liable to pay or contribute more than that proportion of such loss which such excess ( or, if there Policy is issued on DECLARATION BASIS can be given only for stocks Based on a provisional sum insured, an initial premium is charged at a rate agreed by both parties . Monthly declarations are provided to the insurer by the insured At the end of the year the premium is adjusted 3) If the liability of the insurer under (any item of) the policy apart from this extension shall be reduced by the application of any of the terms and conditions of the policy then the liability of the Insurers under this extension (in respect of any such item) shall be reduced in like proportion. Commercial Insurance Fire section Defined events Damage to the whole or part of the property described in the schedule, owned by the insured or for which they are responsible, including alterations by the insured as tenants to the buildings and structures, by 1. fire, 2. lightning or thunderbolt, 3. explosion, The answer is yes. You have to choose between a declaration or a floater fire policy depending on your business needs. To avoid the need to adjust the sum insured according to the changing stock value, a stock declaration policy can be taken. If you have multiple locations where stocks are kept, then a floater policy can be taken. If other policies on a declaration basis cover the stock hereby insured the declaration shall be made so as to apportion to each policy a share of the value of stocks insured under such declaration policies, pro rata to the respective amounts named in the Policies.

4 Dec 2019 A standard homeowners insurance policy includes coverage for all perils included in your policy (such as fire, windstorm, theft, and vandalism), 

4 Dec 2019 A standard homeowners insurance policy includes coverage for all perils included in your policy (such as fire, windstorm, theft, and vandalism),  Now this Policy of Insurance witnesses that subject to the Insured having paid to d) fire, direct lightning, chemical explosion, extinguishing of a fire or declaration or statement is made in support thereof, then this Policy shall be void and the  31 Mar 2001 14. DECLARATION POLICIES. To take care of frequent fluctuations in stocks/ stock values, Declaration Policy(ies) can. 1 Jul 2017 i) as supported by a declaration by the owner of the property, that the value is "in insured in an Indemnity Value contract of fire insurance, levy is represents the Indemnity Value of all of the insured's stock in trade, levy may  13 Mar 2014 EXCLUSION OF DAMAGE CAUSED BY FIRE AND ALLIED PERILS55 If other policies on declaration basis cover the stocks hereby insured, 

Fire, lightning, explosion, aircraft or other aerial devices or articles dropped from them, riot, civil A policy issued outside of the United Kingdom to the Insured in accordance with the details locomotives, rolling stock, watercraft or aircraft.

Fire. Excluding destruction or damage caused to the property insured by. (i). of the value of the stocks insured under such declaration policies, PRO. RATA to  This policy covers loss or damage to your property due to: a) Fire, Stocks and merchandise are insured on Indemnity Basis and all property other than stocks and merchandise, e.g. building, You can insure your stock on declaration basis . 1.23 DECLARATION POLICIES. It is permissible to issue a Declaration Policy on stock-in-trade where the sum insured on such stock-in- trade is not less than  25 Feb 2020 ii)Loss, which is recoverable under Fire or Plate Glass Insurance If other policies on declaration basis cover the stocks hereby insured, the  AND PROVIDED that such fall or displacement is not caused by fire, loss or damage stocks insured under such Declaration Policies, pro-rata to the respective  Declaration / Floater / Floater Declaration Cover for Stocks. earthquake-icon.svg. Earthquake (Fire and Shock). automatic-reinstatement-of-sum-insured-icon.svg. fire, loss or damage by which is covered by this Policy or would be covered if such If other Policies on a declaration basis cover the stock hereby insured the  

Commercial Insurance Fire section Defined events Damage to the whole or part of the property described in the schedule, owned by the insured or for which they are responsible, including alterations by the insured as tenants to the buildings and structures, by 1. fire, 2. lightning or thunderbolt, 3. explosion,

21 Sep 2018 Fire Insurance policies are being issued by the General Insurance take care of frequent fluctuations in stocks/stock values, Declaration policy  Fire. Excluding destruction or damage caused to the property insured by. (i). of the value of the stocks insured under such declaration policies, PRO. RATA to  This policy covers loss or damage to your property due to: a) Fire, Stocks and merchandise are insured on Indemnity Basis and all property other than stocks and merchandise, e.g. building, You can insure your stock on declaration basis .

13 Mar 2014 EXCLUSION OF DAMAGE CAUSED BY FIRE AND ALLIED PERILS55 If other policies on declaration basis cover the stocks hereby insured,