Property All Risk Insurance
What is Property All-Risk Insurance?
Property All Risk Insurance protects your building, equipment, and other physical assets owned by your business from certain unpredictable events.
The policy can be customised to fit and cover any company size and its different set of business properties.
Common unpredictable events covered include fires, natural disasters and floods. The insurance will NOT cover any damage due to wear and tear or internal factors.
What Does Property All-Risk Insurance Cover?
Property All Risk Insurance covers the following:
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Property Damage: Damage to buildings, machinery, equipment, and inventory.
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Accidental Damage: Unforeseen incidents and mishaps.
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Natural Disasters and Perils: Fire, lightning, explosions, storms, and often water damage.
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Theft and Vandalism: Burglary or malicious damage to property.
Property All Risk Insurance Tips
Property All Risks in Hong Kong is the first section of the office and shop package and serves as the minimum basis for the package.