Inland Floater Insurance
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1. Product OverviewIt is a comprehensive insurance policy that covers personal or corporate property, whether in storage, use or in transit, and comprehensively compensates for damages caused due from any accident that is not specifically excluded in the Terms and Conditions. This insurance covers all risks except Exclusion in the policy.
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2. Company Who needs this policyThe company who owns property in factory or building.
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3. Main compensating damages
damages due to fire (including lightning strikes)
Direct damage to the object, fire damage (leakage, immersion, destruction hand), evacuation damage (above damages incurred during the 5 days of the evacuation site during the insurance period)
Theft Damage
Damage of breakage
Explosions and ruptures, aircraft/vehicle crashes and contacts
Strikes
Miscellaneous hazards ( water, snowfall, smoke, the collapse of buildings, leakage, etc.)
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4. Not covered damages
Damage caused by the insured's purpose/intention.
Damage Caused by Riots, Seizure Revolution, Civil War, Affairs
Damage caused by blemishes, natural consumption, wear and tear, rust, mold, corrosion, deterioration, discoloration, etc.
Damage caused by fraud or embezzlement, loss or lost
Damage caused by the internal machine itself or the fault of the operation after processing the object