PROPERTY INSURANCE

Suitable for all types of commercial businesses.

Cover Provided

This is an 'All Risks' policy which covers property against all accidental loss or damage unless the situation is specifically excluded.

Extent of Cover

  • Buildings
  • Machinery and equipment
  • Fixtures and fittings
  • Computers and office machines
  • Stock and other contents

Perils covered: Fire; Lightning; Explosion; Burst or overflowing pipes and water tanks; Aircraft; Storm Tempest and Flood; Impact by any road vehicle of animal; Strikes, Riot and Civil Commotion; Theft (subject to forcible &/or violent entry or exit)

Usual Exclusions

This policy will NOT cover:

  • Inherent vice, wear & tear or defective workmanship Corrosion, rust, change in temperature, colour, flavour or texture
  • Inventory shortage
  • Damage to fences, gates or moveable property in the open caused by wind, rain or flood
  • Terrorism or war losses
  • Mechanical or electrical breakdown
  • Consequential loss
  • Pollution
  • Radiation
  • Erasure or distortion of electronic data

Additional Covers Provided

TMNF will provide the following:

  • Architects, surveyors, engineers fees
  • Capital additions (up to AED 2m per building)
  • Fire extinguishing expenses (up to AED 5,000)
  • Loss of metered water (up to AED 5,000)
  • The additional costs of complying with public authorities regulations when rebuilding
  • Removal of debris
  • Replacement of locks and keys following theft (up to AED 5,000)
  • Contents whilst temporarily removed
  • Trace and access (up to AED 5,000)
  • Theft damage to building(s)

Note: this is just a summary of the cover usually provided. For full details, please consult Tokio Marine's standard policy wording

Information Required

Sums insured for each item along with fully completed proposal form.