Property Insurance
Property insurance
Overview

From the point of view of business, Property is probably the investment vehicle with the most substantial value. Land and building, furniture and fixtures, machinery etc, are essential for the company and it is the responsibility of the management; towards the stakeholders to safeguard these assets from risks and possible damages. KR Insurance services offers property insurance plans which caters specifically to the needs of a business entity. The management can stay rest assured in case of any undesired incidents. The value added services as proposed by KR Insurance Services to their valued clients are -.

  • Single window solutions through our dedicated relationship manager.
  • We arrange wider terms, tailor made policies at best discounted pricing from the insurers..
  • Clients get benefitted through our In-depth knowledge of insurance terms, policy placement, claim settlement services
    and other insurance practices.
  • Hassel free & prompt services leads to the savings for our clients in terms of man-hours and administrative costs..
  • Insurance audit with NIL cost implications of our corporate client’s insurance program..
  • Re-insurance support to underwrite mega projects with wider terms and rates..
  • Site inspection, soil inspection, through our network risk engineering team.
  • Arrangement for thermography testing for large and complex warehouses / manufacturing units..
  • We have exposure to global markets for obtaining international terms.
  • Dedicated claims team with hands on experience for settling large and complex property claims.
Main Cover / Property Insurance

Property Insurance provides a vast array of covers which includes :-

  • Fire: The policy offers coverage for any damage caused owing to the fire. However, damage caused by natural heating, own fermentation or spontaneous burning are excluded.
  • Lightning: Damages caused by lightning is covered. If lightning cause fire, or other damages like cracks in the building or roof area, it will be covered by fire insurance.
  • Explosion: Fire damage caused by an explosion is covered by this policy. .
  • Aircraft Damage: Fire and any other damage caused by aircraft or other airborne devices, damage due to articles dropped by an aircraft is covered by fire insurance policy.
  • Riot Strike, Malicious Damages: If the insured property is damaged due to a strike, riot or any terrorist activity, the loss is covered by fire insurance.
  • Natural Disasters: Apart from the above, this policy also includes damages owing to natural disasters including storm, cyclone, typhoon, tornado, flood. The hazardous situation and consequences of a natural disaster are covered by fire insurance.
  • Landslide/Rockslide: Your insurer will offer protection under fire insurance for the destruction caused to your property to a notable or even a small part of the site where the property exists by rockslide/landslide.
  • Bursting of water/overflowing of Water Tank (Inundation): your property is damaged due to the bursting of water or overflowing of the water tank, the policy covers the damage.
  • Bush Fire: At the time you set fire to overgrown plants and bushes, the possibility is where you end up damaging the property. Fret not! The fire insurance policy that you own covers you for this as well. However, the policy wouldn’t cover the destruction due to the forest fire.
  • Terrorism : Optional cover
Why KR Insurance Services ?
  • Lowest Quotations
  • Prompt Claim Services .
  • Wide Quote Comparisons .
  • Best Insurance Industry Practices
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