Policy is designed to cover loss or damage caused to civil contractors.
Specially designed to protect the interest of civil contractors against the damage to or destruction of various civil engineering projects (like dwellings, office, hospitals, tunnels, channels etc).
What it covers?
Exclusions
Loss or damage due to War or Warlike operations, Civil Commotion etc.
Loss or damage due to Wilful act or Negligence of the Insured or of his representative
Loss or damage due to Nuclear reaction, Nuclear radiation or Radioactive contamination
Loss discovered only at the time of taking an inventory
Loss or damage due to normal wear and tear, Gradual deterioration due to atmospheric conditions or lack of use, Rust
Loss or damage due to faulty design