Important Points for IC 57 - Fire and Consequential Loss Insurance Exam
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The Spoilage Material Damage extension covers material damage by perils causing spoilage same as in fire policy.
Leakage and Contamination cover is for physical loss by leakage by its container due to accidental leakage and all accidental contaminations by contact with foreign matters.
Insurance of Additional Expenses of Rent for An Alternative Accommodation extension is for non manufacturing premises only under material damage.
Start up Expenses extension covers start up costs necessarily and reasonably incurred consequent upon loss or damage.
Escalation clause provides an automatic increase in sum insured from the day of inception of cover.
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