Know the features, extensions and exclusions of Commercial Products:
Fire & Special Perils:
The Association of British Insurers (ABI) has offered the insurance market a “Standard Fire Policy”, which is used as the basis of the policy wordings, to this Special Perils are added called – Fire and Special Perils.
own spontaneous fermentation or heating
iii. Explosion (boilers or gas used for a domestic purpose)
ii Aircraft or other aerial devices (excluding sonic bangs)
iii. Riot and Civil commotion (either for fire caused by riot or civil commotion or any other damage)
vii. Spontaneous fermentation or heating of the property
viii. Storm – damage caused by some form of atmospheric disturbance
xii. Sprinkler leakage
xiii. Subsidence, Ground Heave or Landslip (special exceptions apply)
iii. Pollution or Contamination
All Risks Insurance:
The ABI has developed a recommended wording for ALL RISKS policies. This added to the Fire to the Special Perils, and then add the All-Risks elements with its exclusions.
Cover: All losses or destruction to property is covered provided it is accidental and not specifically excluded.
Exclusions (4 groups):