Premium is charged at a rate percent of the value of the apparatus.
Package policies are those which combine different covers into a single policy.
Shopkeepers insurance policy cover in normally spread over eleven sections which include loss of or damage to building / contents by fire, loss of money in transit due to accident / misfortune and legal liability of insured for death / injury to third parties etc.
Householders insurance policy protects the insured against various perils such as loss of or damage to contents due to burglary and loss of or damage to personal baggage due to accident or misfortune whilst travelling anywhere in India etc.
The total premium for package policies depends upon the sum insured, the type and number of sections covered.
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