Lift Insurance
WHAT CAN BE INSURED Any lift used for the carriage of passengers/goods including hoists fitted in offices multi-storeyed business and residential complexes hospitals/theatres etc. The lift includes the operating plant machinery safety appliances devices doors etc.
WHO CAN TAKE INSURANCE Owners/managers of the establishments cited above where lift/s exist and are used by the public.
Risk Coverage: This policy broadly covers as briefed below:
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Legal liability to any third party arising out of the use of the lift such as:
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Liability for third party injury including death
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Loss/damage to third party property ( not carried in the lift)
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Loss/damage to wearing apparel/personal effects of any third party
MAJOR EXTENSIONS AVAILABLE
In addition to basic covers as stated above this policy could also be extended to cover the below claims on payment of additional premium.
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Architects, Surveyors and Consulting Engineers Fees ( in excess of 3% claim amount)
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Removal of Debris (in excess of 1% claim amount)
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OTHER EXTENSIONS
Some insurers are also offering additional covers/extensions in fire policy upto specified/agreed limits for expenses incurred against these heads in case of a fire. Some of those covers are briefed below.
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Involuntary Betterment
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Fire Fighting/ Extinguishing Expenses
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A-1. Fire and Perril
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Heading Fire and Perill:
Detail Fire and Perill