Property all Risk
This policy provides comprehensive and integrated coverage for industrial units or commercial property, etc., against all risks (including accidental damages) except for the policy’s expressly excluded.
There are two kinds of coverages:
- The accidental damage insurance policy, which is mainly related to commercial property.
- Industrial property insurance against all risks is primarily associated with industrial units.
The Property all Risks policy includes two sections:
- Material damage
- Business interruption
- Broker of Record (BOR)
- Commercial Registration copy (CR)
- ID copy of the owner
- National Address
- Filled Proposal form
- GPS location
- Excel Sheet showing Property details/breakdown
- Claim Experience for the last 5 years (SAMA Format)
- Maintenance Certificate including Civil Defense Certificate Copy