This is all-risks policy, which covers any sudden and unforeseen material loss occurring on the construction site except exclusions fixed in the policy provisions.
Policy covers construction plant, equipment and machinery, including: cranes, excavators, vehicles on construction site, etc.
The coverage is valid within the construction site.
All risks (except exclusions fixed by policy provisions) including:
- Losses imposed to the insured plant and machinery caused by external damage
- Stealing of insured objects
- Damage caused by natural perils