The factory and warehouse insurance policy is particularly taken up by wholesalers, distributors, and retailers for premises where their goods and items are stocked or stored. So, to summarize we can say any of the following can buy factory and warehouse insurance: Owner of the factory or the warehouse Company managing/owning the factory or the […]
Articles Tagged: Factory and Warehouse Insurance plan
How to file a claim under Factory and Warehouse Insurance?
Given below are the steps you need to follow to file a claim under factory and warehouse insurance: Inform the Insurer: You will need to inform the insurer about the incident and the approximate loss incurred due to various factors mentioned in the policy. Complete the Claim Form: You might need to fill out a […]
What is not covered under Factory and Warehouse Insurance Policy?
Factory and Warehouse insurance policy does not cover the following: Short-Circuiting: Any mishap including fire due to short circuits is not covered in the particular policy. Deterioration: As we know everything has a time limit and depredation is a natural process. Hence the gradual deterioration of the machinery or the loss due to seepage and […]
What is covered under Factory and Warehouse Insurance Policy?
Factory and warehouse Insurance Policy is a valuable benefit in an industrial setup used for the manufacturing and storage of goods. It considers any financial loss due to damage to goods, building, or machinery in and outside premises. The following is covered under Factory and Warehouse Insurance: Goods Covered Under Factory & Warehouse Insurance Policy […]