All India Fire Insurance Tariff

Property Insurance Add-on Covers – Coverage Limits & Underwriting Status

This post provides a consolidated summary of agreed, restricted, and non-applicable add-on covers under a Property Insurance Policy, along with applicable limits, conditions, and underwriting remarks.

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Add-on Cover Matrix

Clause / Add-on Cover	Limit / Applicability	Status / Remarks
Temporary Removal for Repair / Refurbishment	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Crane Hiring Charges	Part of final repair bill	If recommended by Surveyor
Demolition & Increased Cost of Construction	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Expediting Costs	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Leak Search & Finding Cost	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Minor Works	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Immediate Repair Clause	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Pair & Sets Clause	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Margin Clause	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Salvage Disposal Cost	As per CVC Guidelines	Agreed
Expiration Clause	As per Tariff	Agreed
Undamaged Foundation Cover	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Damage to Underground Services	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Outbuilding Clause	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Roads, Pavements & Street Furniture	As part of Landscaping Clause	Agreed
Primary & Non-Contributory Clause	Primary Clause agreed	Non-contributory not agreed
Sprinkler Leakage Cover	Covered	Agreed
Unpacking Expense Clause	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Protection & Preservation of Property	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Automatic Reinstatement of TSI	Upon payment of premium	Agreed
Brands & Trademark Clause	—	Agreed
Sprinkler Upgradation Cost	5% of claim amount up to ₹5 Cr	Agreed
New / Unnamed Location Cover	5% of SI up to ₹5 Cr (Aggregate)	To be notified within 60 days
Employee Personal Property	5% of SI up to ₹5 Cr (Aggregate)	Max ₹20,000 per employee
Catalysts & Consumables	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Off-Premises Storage (Under Construction)	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Outage Clause	—	Not agreed
Testing & Commissioning Clause	As per policy wordings	Agreed
Customer Goods / Contract Price Insurance	—	Agreed
Accidental Damage	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Hire Purchase / Lease / Other Interests	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Waiver of Subrogation	—	Agreed
Unoccupancy Clause (Up to 1 Month)	—	Agreed
Nominated Loss Adjuster	Up to RO limit	Agreed
Landscaping Clause	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Spoilage Material Damage	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Smoke Damage Cover	5% of SI up to ₹5 Cr (Aggregate)	Agreed
Bankruptcy & Insolvency Clause	—	Agreed
Covered Bank Clause	—	Agreed
Earthquake (Fire & Shock) + Tsunami	—	Agreed
Storm, Tempest, Flood & Inundation	—	Agreed
Reinstatement Value Clause (Excl. Stocks)	—	Agreed
Alternate Accommodation	Up to 5% of SI max ₹5 Cr	Agreed
Terrorism Cover	—	Agreed on additional premium
Spontaneous Combustion	—	Not applicable to occupancy
Claim Preparation Cost	Up to ₹25 Lakhs	Agreed
Shutdown / Start-up Expenses	Up to ₹1 Cr	Agreed
72 Hours Clause	—	Agreed
Waiver of Underinsurance (Up to 15%)	—	Agreed
Basement Cover	—	Not applicable (no basement)

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Conclusion

This add-on matrix reflects a robust and well-negotiated property insurance program with clear limits, exclusions, and underwriting controls. All extensions remain subject to policy terms, deductibles, warranties, and insurer approval.

Disclaimer: Limits and applicability are indicative and may vary based on insurer, treaty terms, and occupancy.