All Risks Insurance

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all-risks
ALL RISKS INSURANCE
The ALL Risks provides indemnity against LOSS OR DAMAGE to specified items as a result of any cause within the geographical area specified in the policy. This includes theft, fire, riot and strike breakage and any other cause not excluded under the policy.

Engineering Insurance
Machinery exceeding Kshs.100,000 should be covered under “Engineering Insurance”

Machinery Breakdown Insurance
Machinery exceeding Kshs.1,000,000 should be insured under “Machinery Breakdown Insurance”

Exclusions
a) Loss of or damage to money or securities for money, coins, manuscript, deeds, bonds, bills or
exchange, promissory notes, stock or share certificates, stamps, business books or documents
b) Loss or damage arising from wear and tear or depreciation or atmospheric condition
c) Loss or damage or deterioration accasioned my moth, vermin or any process of cleaning, repairing or restoring damage, over-winding, scratching, rust.
d) Loss or damage arising from earthquake, earth tremor, volcanic eruption, war, invasion, act of foreign enemy, hostilities or warlike operations, civil war, strike, riot, civil commotion, rebellion, military or usurped power.

Requirements
a) Proposal form must be fully completed
b) Serial Numbers, makes, model any other identification marks should be indicated for all items.
c) Age of machinery must be verified to avoid over-age machinery
d) Housekeeping should be noted
e) Slums areas should be avoided
f) For burglary purposes building should be well-protected