Buildings Insurance
Building Insurance can help cover the loss or damage to your insured building, if it’s caused by insured events like fire, explosions, vandalism, fire& more. It doesn't cover contents inside your building, but it can cover permanently attached fixtures, like, garages, solar panels, boundary walls. Building insurance policy India can be used in determining the correct value of an old building, covering the risk of a lift liability, accountability arising out of injury or damage to property from third parties.
Lot of attention and professional insight is needed to design the right solution cover with optimal add-ons. Like despite insuring the building, the boundary walls, underground cables, or security sheds may go uninsured. It is very important to take professional help while designing the policy. Vitality Insurance can deliver you the right insurance cover by assessing and matching your specific building coverage needs with the best possible insurance product available in India.
Covers your business from any legal responsibility related to any accidents like lift hazard, damage to visitors car in parking and similar incidents that take place within the compound of your business setup.
Machinery insurance is usually ignored while insuring the buildings. Air Conditioners, Gensets, Escalators are all prone to accidental damages which can be insured against potential risk by opting in the right policy cover.
If a crisis hit and your tenants had to move out, loss of rent in commercial buildings could be significant. Loss of rent cover protects you against this risk. An ideal building insurance should cover such type of business interruptions.
Modern commercial building structure usually uses high level of external glass and internal glass. Insuring plate glass covers the repair costs for accidental damages including cost of glass, transportation, fixing & other related costs.