Tea Factory Insurance

What It Covers

The following are covered, depending on the merits of the risk involved, which is measured at the time of a compulsory inspection and warranties imposed accordingly.

Fire and Lightning (rates are governed by compliance of tea factory warranties)
Explosion (excluding explosion/ implosion of boilers, economizers or other vessels, machinery or apparatus in which steam is generated)
Electrical Extra
Aircraft including damage caused by any article dropped there from (excluding pressure waves)
Riot, Strike, and Terrorism
Cyclone, Storm, Tempest, Hurricane, Typhoon, Tornado, Volcanic Eruption, Tidal Waves and Tsunami
Earthquake
Flood Damage
Impact damage caused by any vehicle or animal (other than own)
Malicious Damage
Escape of Water from Tanks, Pipes and Apparatus
Spontaneous Combustion

Basis of Sum Insured

New factory building – The current cost of reconstruction of the building to the original form
New plant & machinery and other factory contents – The cost of replacement with a new item of similar capacity and make
Old factory building and machinery – Depreciated value
Stocks – Cost price taking into account various stages of production

Note

Feel free to call us on 011 2428428 whenever you feel comfortable or wish to know more about this cover. What you see above is just a snapshot of our policy and we’d be more than happy to go over the fine-print with you.