The property of an Industrial customer can be insured with If's Fire Insurance or Extensive Fire Insurance, Machinery Break Down Insurance or All Risks Insurance.
Fire Insurance covers property damage caused by sudden and unexpected fire, smoke, soot, a sprinkler leakage, an explosion, a stroke of lightning or of the downing of an aircraft, as well as additional damage caused in relation to these exceptional circumstances, such as the disappearance or breakage of the insured property.
In addition to the above, Extensive Fire Insurance covers property damage caused by sudden and unexpected leakage, natural forces, robbery or theft through burglary.
Insurance Against Machinery Breakdown covers property damage caused by a sudden and unexpected event, excluding events covered by Extensive Fire Insurance.
Insurance Against Machinery Breakdown can be limited to external breakage, on the basis of which damage to the insured property caused by theft, malicious damage, falling, collision or an equivalent external, sudden and unexpected event is covered.
All Risks Insurance covers damage caused by a sudden and unexpected event. However, only external breakage is compensated.
All Risks Insurance can be extended into Extensive All Risks Insurance, which covers all damage caused by breakage.
Other Expenses Covered
In addition to damage caused to property, Property Insurance covers the costs of clearance, expenses due to cleaning up contaminated property and soil, as well as additional repair and building costs as described in more detail in the insurance terms, up to a certain limit.