Important Points for IC 57 - Fire and Consequential Loss Insurance Exam
Page 11 Of 56
Go to:
Leakage and Contamination clause provides cover for accidental leakage and contamination of oils and chemicals.
Reinstatement Value Policy may be extended to cover additional cost of reinstatement incurred by the insured to comply with regulations enforced by Authorities by incorporating the Local Authorities clause in the policy.
The minimum sum insured for Declaration Policies shall be Rs. 1 crore.
Floater policies are granted to cover under a single policy, stocks which fluctuate between different locations.
A policy on the basis of Contract Price can be issued only for imported goods.
MODELEXAM® 
www.realsoftinfoplan.com