fire insurance mark docs

8/13/2019 Fire Insurance Mark docs

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1796 fire mark of the Sun Fire Office on display inBedford Museum

For most of the 18th century, each insurance company maintained its own fire brigade,which extinguished fires in those buildings insured by the company and, in return for a fee

to be paid later, in buildings insured by other companies. By 1825, fire marks served more

as advertisements than as useful identifying marks; some insurance companies no longer

issued fire marks, and those that did sometimes left them up after a policy had expired. [citation

needed]Successive combinations of fire brigades led to virtually the entire city of

London being put under the protection of theLondon Fire Engine Establishment,which

fought not only the fires of policy holders but those of nonsubscribers, the reason being that

fires in uninsured buildings could rapidly spread to insured buildings.[3]

American fire marks[edit]

Fire Insurance has over 200 years of history in America. The early fire marks ofBenjamin

Franklin'stime can still be seen on some Philadelphia buildings as well as in other older

American cities. Subscribers paid fire fighting companies in advance for fire protection and

in exchange would receive a fire mark to attach to their building. The payments for the fire

marks supported the fire fighting companies.Volunteer fire departmentswere also common

in the United States, and some fire insurers contributed money to these departments and

awarded bonuses to the first fire engine arriving at the scene of a fire.[3]

Australian fire marks[edit]

Fire insurance companies began operating in the Australian colonies in the early part of the

19th century. They were both Australian and foreign, principally British, owned. The Union

Assurance Company of Sydney and The Australasian Fire and Life Assurance Company

are both recorded as having offices in George Street, Sydney in 1836. The Collingwood Fire
http://en.wikipedia.org/wiki/Bedford_Museum_%26_Art_Galleryhttp://en.wikipedia.org/wiki/Bedford_Museum_%26_Art_Galleryhttp://en.wikipedia.org/wiki/Bedford_Museum_%26_Art_Galleryhttp://en.wikipedia.org/wiki/Wikipedia:Citation_neededhttp://en.wikipedia.org/wiki/Wikipedia:Citation_neededhttp://en.wikipedia.org/wiki/Wikipedia:Citation_neededhttp://en.wikipedia.org/wiki/Wikipedia:Citation_neededhttp://en.wikipedia.org/w/index.php?title=London_Fire_Engine_Establishment&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=London_Fire_Engine_Establishment&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=London_Fire_Engine_Establishment&action=edit&redlink=1http://en.wikipedia.org/wiki/Fire_insurance_mark#cite_note-Anderson-3http://en.wikipedia.org/wiki/Fire_insurance_mark#cite_note-Anderson-3http://en.wikipedia.org/wiki/Fire_insurance_mark#cite_note-Anderson-3http://en.wikipedia.org/w/index.php?title=Fire_insurance_mark&action=edit&section=2http://en.wikipedia.org/w/index.php?title=Fire_insurance_mark&action=edit&section=2http://en.wikipedia.org/w/index.php?title=Fire_insurance_mark&action=edit&section=2http://en.wikipedia.org/wiki/Benjamin_Franklinhttp://en.wikipedia.org/wiki/Benjamin_Franklinhttp://en.wikipedia.org/wiki/Benjamin_Franklinhttp://en.wikipedia.org/wiki/Benjamin_Franklinhttp://en.wikipedia.org/wiki/Volunteer_fire_departmenthttp://en.wikipedia.org/wiki/Volunteer_fire_departmenthttp://en.wikipedia.org/wiki/Volunteer_fire_departmenthttp://en.wikipedia.org/wiki/Fire_insurance_mark#cite_note-Anderson-3http://en.wikipedia.org/wiki/Fire_insurance_mark#cite_note-Anderson-3http://en.wikipedia.org/wiki/Fire_insurance_mark#cite_note-Anderson-3http://en.wikipedia.org/w/index.php?title=Fire_insurance_mark&action=edit&section=3http://en.wikipedia.org/w/index.php?title=Fire_insurance_mark&action=edit&section=3http://en.wikipedia.org/w/index.php?title=Fire_insurance_mark&action=edit&section=3http://en.wikipedia.org/wiki/File:SunFireMarkBedfordMuseum.JPGhttp://en.wikipedia.org/wiki/File:SunFireMarkBedfordMuseum.JPGhttp://en.wikipedia.org/wiki/File:SunFireMarkBedfordMuseum.JPGhttp://en.wikipedia.org/wiki/File:SunFireMarkBedfordMuseum.JPGhttp://en.wikipedia.org/w/index.php?title=Fire_insurance_mark&action=edit&section=3http://en.wikipedia.org/wiki/Fire_insurance_mark#cite_note-Anderson-3http://en.wikipedia.org/wiki/Volunteer_fire_departmenthttp://en.wikipedia.org/wiki/Benjamin_Franklinhttp://en.wikipedia.org/wiki/Benjamin_Franklinhttp://en.wikipedia.org/w/index.php?title=Fire_insurance_mark&action=edit&section=2http://en.wikipedia.org/wiki/Fire_insurance_mark#cite_note-Anderson-3http://en.wikipedia.org/w/index.php?title=London_Fire_Engine_Establishment&action=edit&redlink=1http://en.wikipedia.org/wiki/Wikipedia:Citation_neededhttp://en.wikipedia.org/wiki/Wikipedia:Citation_neededhttp://en.wikipedia.org/wiki/Bedford_Museum_%26_Art_Gallery


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AIMS AND OBJECTIVES of fire insuranceAIMS AND OBJECTIVES1) Creating awareness about need for protection against losses due to fire.2) Minimize losses to life and property by providing adequate means of fire protection.

3) Arrange for incentives for taking adequate means of lire Protection such as Insurance rebates.

4) Help in the creation of Standards for Fire Protection in India and encourage its implementation.

5) Encourage those contributing to the cause of Fire Protection in India through awards etc.

6) Address the concerns and common issues of our members.

7) Explore and encourage all the avenues for creating a safe and fire- free India.

8) Providing a common forum to the industry for discussing relevant issues.

9) Establish library, testing and training center research Centeretc. for fire protection industries in

India.10) To organize seminar, conference and training programsetc. to promote technical knowledgeamong theMembers.11) To maintain liaison and cordial relations with other national and international professionalbodieshaving similar orAllied aims &objectives.

12) To interact with various Govt. Agencies to promote the aims and objectives of society

13) To enunciate just and equitable principles to govern the trade in fire fighting equipments thetrade in fire fightingEquipments and to set up a code or codes of practices for the general guidanceof manufactures, traders andExporters of aforesaid goods and further to simplify transactionsrelating to exports of said goods.

14) To advise or represent to Government, Local Authoritiesand Public bodies on;A) The policies and the measures including direct and indirect taxation, adopted by them in relationto their effectOn industry or commerce.B) To prepare, edit, print, publish, issue, acquire and circulate books, papers, periodicals, gazettes,circulars andOther literature relating to or being upon industry trade or commerce pertaining to firefighting equipmentsC) To send Trade Missions to Foreign Countries.D) To collect statistics and other information regarding the production, trade or ultimate use of firefighting equipments inVarious countries,E) To promulgate information useful to manufacturers andtraders of fire fighting equipments by letters, discussion,Books, correspondence or otherwise.F) To communicate with chambers of Commerceand other mercantile and public bodies throughoutIndia and connectAnd promote measures for the promotion and advancement of manufacture andtrading of fire fighting equipments.

FIRE INSURANCEGENERAL CONDITIONS

A.SCOPE OF THE INSURANCE

A.1. Scope of the Insurance:


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This insurance covers material damage, not exceeding the sum insured, caused directly by fire, lightning, explosion or smoke,

and heat occasioned by fire and explosion in the insured property.

A.2. Scope of the Sum Insured:

2.1. In Immovable Property:

2.1.1. Unless agreed otherwise, outbuildings such as gardeners' house, garage, water tankand coal store room; all kinds of fi

or on the buildings that form an integral part of the buildings such as elevators, escalators, lightning rods and television anten

included in the scope of the sum insured.

2.1.2. Foundations, garden and boundary walls, retaining walls, quays, terraces, wharves, fountains, statues placed outside th

buildings, cisterns and pools and the like may be included in the scope of the sum insured only if they are indicated in the polic

2.2. In Movable Property:

2.2.1. Properties in the insured premises:

a) If insured objects are itemized or grouped according to their properties, anything belonging to one of these items or groups

b)If only a single figure is provided for everything insured, then everything covered within the definition of the sum is insured

regardless of whether or not specifically mentioned in the policy, even if brought later by way of reinstatement or as a new pu

2.2.2. Unless otherwise agreed, only effects belonging to the insured and members of his/her family livingtogether or people

together and his/her employees are included in the cover of insurance.

A.3. Perils and Losses that may be included in the scope of the Cover by Additional Agreement:3.1. Damage due to the following perils are excluded from the insurance coverage. However, they may be included in the sco

cover by additional agreement subject to these general conditions and the attached clauses:

3.1.1. Strike, Lockout, Riot and Civil Commotion

3.1.2.Terrorism

3.1.3. Earthquake and Volcanic Eruptions

3.2.Unless occasioned by Fire or Explosion, damages caused by the following perils are excluded from the cover. However, thhe included in the scope of the cover by additional agreement according to these general conditions and the attached clauses:

3.2.1. Snow weight

3.2.2.Flood and Inundation

3.2.3. Landslide

3.2.4. Storm


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3.2.6. Smoke

3.2.7. Impact by;

3.2.7.1.Vehicles

3.2.7.2. Sea vehicles

3.2.7.3.Air vehicles

3.2.8. Malicious damage

3.3. The following items are excluded from the cover. However, provided that their sums insured are specifically mentioned un

policy, they may be included in the cover by additional agreement.

3.3.1. Paintings, pictures, books, engravings, manuscripts, statues, bibelots, collections, carpets and the like having artistic or

values.

3.3.2.Models, moulds, plans, drawings or designs or patent rights, documents, commercial (business) books and the like.

3.3.3. Cash, bonds and shares, valuable documents, all kind of gold, silver and jeweler and ornaments made out of these item

other precious metals, precious gems and pearls and the like.

3.3.4.Watercraft, aircraft and vehicles and their cargo (except when in motion).

3.3.5. Goods held in trust or on commission.

3.3.6. Debris removal expenses.

3.3.7.Loss of rent and use.

3.3.8.Liability due to fire and explosion.

(This may be included in the cover by additional agreement according to these general conditions and the attached clauses.)

A.4. Exclusions:

The following are excluded from the cover.

4.1.All losses caused by war, warlike operations, invasion, acts of foreign enemy, combating (whether war be declared -or no

war, revolution, rebellion, insurrection and military and disciplinary forces necessitated by these events.4.2.All losses caused by or attributed to ionizing radiations or contamination by radioactivity from any nuclear fuel or from any

waste resulting from the combustion of nuclear fuel as well as measures necessitated by these events and taken by the militar

disciplinary forces (the expression of combustion used in this paragraph will also comprise any self sustained nuclear fission).

4.3.All losses caused by any act of public authority on the insured property.

4.4.Loss or damage caused by inherent defects or self-combustion or fermentation or deterioration occurring in the structure

matter and/or scorching of the insured items not accompanied by fire.

4.5. Loss or damage to the insured items, not accompanied by fire, resulting from:

Their exposure to fire or heat for treatment or other useful purpose,

The falling of or throwing of them into a furnace or similar place containing fire, Flameless combustion or scorching such as clothing, linen and other material bums,

Their contact with heating, lightning, ironing devices and/or lamps, candles, cigarettes and such.

4.6. Loss or damage, not accompanied by fire, sustained by any kind of motors, electrical and electronic appliances, equipmen

fittings and their wiring while they are connected to an electrical current and due to the reasons such as short-circuit, groundin

voltage fluctuations caused by this current and heating and induction current resulting there from.


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4.7. Implosion, rupture and any other way of deformation of vessels due to low pressure, their wear and tear and all losses su

by insured motors and appliances due to centrifugal forces and mechanical failure.

A.5. Under-insurance:

In the case where the insurance amount stated under the policy is lower than the value of the insured interest at the time of a

occurrence and the interest is only partially damaged, then unless otherwise agreed, the insurer is liable only for the difference

the insurance value of the insured interest at the time of loss occurrence and the insurance amount mentioned within the polic

The policyholder may alter the insurance contract in a way that the whole amount of the loss or damage, which does not exce

sum insured, will be paid by the insurer.

Without taking the above mentioned proportion into consideration. In case that before any occurrence, the policyholder has ad

through a notary this alteration of the policy made by him, the contract conditions will be deemed automatically altered from t

following the day of notification and the insurer shall be liable for all losses not exceeding the sum insured. The insured has to

difference of premium indicated in the Tariff according to the stipulations relating to the initial premium payment.

A.6. Over-insurance:

If the sum insured exceeds the value of the insured interest, the part, exceeding this insurance value is not valid.

The insurer has to inform the insured as soon as he becomes aware of the fact during the policy period and accordingly adjust

insured as well as the premium into their real values by paying back the exceeding amount of premium to the insured.

A.7. Deductibles:

It may be agreed that the insurer will not indemnify losses not exceeding a certain amount or certain percentage of the sum in

a certain percentage of the damage.

Such determined percentages or amounts of deductible are indicated on the policy.

A. 8. Inception and Expiration Date of the Insurance:

The insurance begins at 12:00 noon and terminates at 12:00 noon Turkish time on the inception and expiration dates indicate

policy unless otherwise agreed.

B.CLAIMS AND INDEMINITIES

B.1. Obliaations of the policyholder in the event of a loss occurrence:

In the event of a loss occurrence, the policyholder must comply with the following obligations:

1.1. To notify the insurer at the latest within five working days after he becomes aware of the loss occurrence

1.2. To take all necessary salvage and protection measures as if he was not insured and does his utmost to comply with the

instructions given by the insurer for this purpose.


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1.3.To permit the insurer or his authorized representatives to enter the building and premises where the damage has occurre

reasonable purposes and in any suitable manner, to take over, to keep possession of them, and to protect them in order to mi

the extent of the losses.

1.4.Unless unavoidable, not to make any changes in the premises or items being subject of a claim.

1.5. Upon request of the insurer, to give the insurer, without delay, all the information and documents which can be obtained

policyholder that are useful to determine in detail the cause of the loss or damage, and to ascertain the loss amount and evide

the use of the right of subrogation.

1.6. To give a written declaration of the estimated loss amount within a reasonable and suitable period of time to the Insurer.

1.7. To permit the insurer or his authorized representatives to examine and investigate the insured premises or items and rela

documents in order to determine his obligation regarding the amount of indemnity as well as his right of subrogation.

1.8.To inform the insurer about other insurances covering the insured premises or items, if any.

B.2. Protection Measures and Salvage

The policyholder is under obligation to take appropriate precautions in order to prevent, stop, and/or reduce material loss and

caused by the risks covered by this policy. The Insurer pays the expenses arising from precautions taken even if these precaut

out to be useless.

In the case of under-insurance, the insurer pays these expenses in proportion to the ratio of the sum insured to the insurance

The insurer pays loss or damage caused to the insured property arising from the loss, destruction or damage during the frefig

demolishing or evacuation necessitated by extinguishing the fire or salvaging.

B.3. Rights and Obligations of the Insurer in case of the Occurrence of the Risk:

When the risk materializes, the Insurer or the people authorized by him may enter the damaged building and premises in anappropriate and reasonable way in order to protect the Insured building and items to reduce the loss. The Insurer may require

over the Insured building and property. The insurer in doing so shall not be accepted as admitting any liability and shall not lo

his rights arising from any condition of this policy.

Insured property, whether damaged or not, cannot be left totally or partially to the Insurer without the Insurer's approval. Ent

the Insured buildings or places, taking over the insured buildings or materials, seizing or putting the same under precaution by

Insurer shall not constitute a proof of acceptance for the request of abandonment of the damaged property by the policyholde

the conditions of this article.

The Insurer is obliged to complete necessary investigations to determine the amount of loss and indemnity and to notify the inabout same within one month after all the documentation relating to the loss or damage has been submitted to him.

B.4. Assessment of Damage

The amount of loss occurring in property insured under this contract is to be assessed by mutual agreement between the part

If the parties cannot agree on the amount of loss, they may decide, if they so wish, to appoint arbitrators to assess the amoun

loss and establish this fact by signing an agreed statement. In this case, the amount of loss will be assessed as stated below a


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event of a claim made, or legal action commenced, against the Insurer.

The decision made by the arbitrator will be the basis for the assessment of the indemnity; however, the parties may prove the

of the loss or damage with all kinds of evidences in the event that no report is submitted within a period not exceeding three m

from the time of appointment of a single arbitrator, should a single arbitrator be appointed, otherwise, within a period not exce

three months from the time of appointment of the Umpire; notwithstanding the above, this period shall not exceed a period of

months following the occurrence of the loss hereunder.

If the parties cannot agree on the appointment of a single Arbitrator for the solution of the difference, then each party will cho

own Arbitrator and notify the other party by means of the notary public. The Arbitrators shall, within 7 days after their first me

before entering upon the reference, elect an Umpire and state the fact in a protocol. The authority of the Umpire shall solely c

making the final award together with Arbitrators of each party for matters that the Arbitrators may not reach an agreement.Th

of the Arbitrators shall be given to both parties at the same time.

If one of the parties does not appoint his own Arbitrator within 15 days following the notification of the other parry, or if the A

can not agree within 7 days in appointing the Umpire, then the Arbitrator of the other party, or the Umpire, shall, upon the req

one party, be appointed among specialized persons by the Court authorized to handle commercial law suits in the locality whe

damage has occurred.

Both parties shall have the right to request that the Umpire either elected by the parties Arbitrators or by the authorized Court

appointed amongst persons not residing at the locality of the Insured or of the Insurer, or not residing at the place where the

damage has occurred.

Objections can be made against the Arbitrators on the grounds of their incompetence. The right of objection not used within 7

following the date when the identity of Arbitrator is known shall be forfeited.

Should the Arbitrator die, resign or be refused, the new Arbitrator shall be elected in the same way and the assessment procee

be continued from the point where they stopped.

The death of the policyholder shall not terminate the duties of his Arbitrator.

The Arbitrators may require proof necessary to establish the amount of loss or damage as well as the records and documents

determining the value of the insured items existing at the time of the occurrence of risk at the place where the loss or damage

occurred.

The awards of the Arbitrator or the Umpire as to the amount of loss or damage are final and binding to all parties

Objections against the awards of the Arbitrators can only be made in case it is obviously understood that the amount of loss o

is considerably different from the reality. The cancellation of these awards can be requested, within 7 days after the date of no

of the report, from the Court authorized to handle the commercial lawsuits at the locality of the loss.


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The parties shall pay the fees and expenses of their own Arbitrators. The parties share the fees and expenses of a single arbit

umpire equally.

The establishment of the amount of loss and damage has no influence on the terms and conditions existing in this Policy and i

regulations nor on setting forth with these terms and conditions.

B.5- Calculation of Indemnity:

5.1.In calculation of the amount of indemnity, the values at the time of loss or damage will be taken into consideration. The v

the time of loss or damage are calculated as follows:

5.1.1.In commercial goods, the value is calculated on the actual market purchase value of the goods one working day prior t

of loss of damage.

5.1.2.In materials in the process of being manufactured in factories and workshops, the value is calculated by adding to the

purchasing price of the raw material and other materials on the working day prior to the date of loss or damage manufacturing

expenses incurred up to that day and proportionate share of general expenses. Provided the value so calculated shall not exce

way, the value of manufactured goods on the day proceeding the working day of loss or damage.

For the purpose of this article and its provisions, raw materials and finished products, whether they are in the factory buildings

workshops or in annexes to them or in any other place in the premises, are considered commercial goods,

5.1.3.The new replacement value, in all kinds of industrial installations and machinery, equipment and fixtures, is taken into

consideration. However, in calculating this value necessary depreciation for wear and tear and loss of value from other causes

as any difference in performance and quality compared to new products, shall be taken into consideration

5.1.4.In household and personal effects, the new purchasing value, considering depreciation for wear and tear and depreciat

value from other causes shall be taken into consideration.

5.1.5.In buildings, the new construction value at the time and place of loss or damage is considered. However, deductions ar

from this price for depreciation due to wear and tear and other reasons.If the building will not be reconstructed, then the indemnity is calculated by deducting the value of the land from the sale/purc

value of the building on the day preceding the date of loss or damage.

5.2. Agreed Value

If at the time of concluding an insurance contract or during the policy period, the value of buildings, fumitures and fixtures, ma

and household effects that are the subject matter of the insurance, is fixed by experts appointed with the consent of both the

And the Insurer and accepted by both parties, no objections shall be made against this value in the event of loss or damage a

calculation of the indemnity.

The list of values in an agreed value contract is valid for the insurance period of one year maximum. The party demanding agrInsurance pays experts' fees. Stocks cannot be insured on an agreed value basis.

B.6. Payment of Indemnity:

6.1.If only one sum insured is provided for all insured property then the Insurer's liability is limited to this sum; if insured pro

itemized or grouped according to their property then the Insurer's Liability is limited to the sums insured for those items or gro

6.2. If the sum insured is lower than the insurance value at the time of loss and damage of the risk, unless otherwise agreed,


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is paid according to the proportion that the sum insured bears to the value of insurance.

6.3. If there is more than one insurance policy covering the insured items, then following the ascertainment of the amount of

according to laws and, if any, the provisions of the policy, the Insurer pays its proportionate share of the indemnity.

Special conditions as well as conditions of warranties of the insurance policies shall be taken into consideration reciprocally.

6.4. When the risk materializes, if items are insured both under marine and fire insurance policies, liability of fire insurer shall

after the marine insurer's liability.

B.7.Reduction or Forfeiture of the Right of Indemnity

If the policyholder does not fulfill his obligations in case of loss or damage, and there is an increase in the amount of loss due

fact, then the amount of indemnity thus increased is deducted from the indemnity to be paid by the insurer.

If the insured acts deliberately to cause the materialization of the risk and takes any fraudulent actions in order to increase the

of loss, all rights of the insured arising from this policy shall be forfeited.

B.8. Consequences of Loss and Indemnifications:

8.1. The insurer shall pay the defined amount within 1 month to the insured person.

8.2.The Insurer shall legally subrogate the Insured to the extent of his payment of indemnity. The Insured is obliged to give a

documents and information available to help the insurer in the suit he will file.

8.3.In case the risk-materialized results in a total loss, the cover comes to an end. In case of a partial loss, the sum insured s

reduced by the amount of the indemnity paid as of the date of loss.

The same method is also applied in cases when the sum insured is itemized or indicated separately for different groups.

In cases when the sum insured is reduced, the sum insured can be increased by charging a premium calculated on a daily pro

as from the date of Insured's request.

8.4.In case of a partial loss, the parties have the right to cancel the policy. The parties can use their right of cancellation only

settlement of indemnity.

The premium for the period up to the date when the cancellation comes into force is calculated on a daily pro-rata basis and t

balance is returned.

C.MISCELLANEOUS PROVISIONS

C.1 - Payment Of The Premium Inception Of The Insurers Liability And Policy Holder's Default In Payment:

The whole of the premium or the advance payment (the first installment) if payment by installment is agreed is to be paid as s

the Contract is concluded and at the latest upon the delivery of the Policy. Unless otherwise agreed, if the whole premium or it

installment is not paid, the liability of the Insurer does not commence even if the Policy is delivered and this condition is writte

front page of the Policy. If the policy holder does not pay the whole premium or its advance payments and if the payment in in

is agreed until the end of the day when the policy is delivered, the policy holder is deemed to be in default of payment. If the

policyholder does not pay his debt of premium within 30 days following the date of default, the insurance contract is deemed tcancelled without giving any notice.

If it is agreed that the liability of the insurer would commence upon delivery of the policy even if the premium is not paid, the

the insurer will be valid during the first 15 days of the month.

If a payment by installment is agreed, the due dates and amounts of the installments, and consequences of failure of paymen


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enclosures has changed, after the contract has been made without the agreement of the insurer, the policyholder is under obl

notify the insurer about the situation within 8 days.

After the insurer becomes aware of the situation;

3.1.If the change necessitates him not to make a contract or to make it with more severe conditions:

The insurer cancels the contract within 8 days or holds the contract effective by claiming the difference in premium.

The contract is cancelled if the policyholder notifies his rejection of the difference in premium within 8 days.

The premium pertaining to the period until the cancellation becomes effective is calculated on the pro rata basis and any surpl


The right of cancellation or a claim for the difference in premium not exercised within the prescribed time limit shall be forfeite

The right of cancellation shall be forfeited if the Insurer, having learned the change in the location or the condition of the insu

to that declared in the proposal, or in the absence of a proposal in the policy and its enclosures acts in a way that shows his co

continue with the insurance.

3.2.If the chance minimizes the risk so that it necessitates a lower premium:

The difference in premium established for the period between the effect of the change and the termination of the contract is r

to the policyholder on a pro rata basis.

3.3. In case the changes necessitate the insurer not to make a contract or to make it in more severe conditions and if the loss

a)prior to the situation coming to the knowledge of the insurer,

b)within the period when the insurer may use his right to send a notice of cancellation,

c) Within the period when the notice of withdrawal becomes effective,

The Insurer pays the proportion of the indemnity to the premium charged by the amount that should be charged.

C.4. Multiple Insurance:

Should the policyholder hold other insurance contracts with other insurers on the subject matter insurance, against the same r

for the same period, he must give immediate notice of this fact to the existing insurers.

The insurer may cancel the contract within 8 days after the same comes to his knowledge. The right of cancellation not used i

period is forfeited.

C.5. Change of Beneficiary:

In case of a change of the beneficiary within the policy period, the insurance remains in force and the policyholder's rights andobligations arising from the policy are transferred to the new owner of those rights. The policyholder and the new owner of th

who learned the existence of the insurance have the obligation to notify the situation to the insurer within 15 days.

The insurer may cancel the contract within 8 days after becoming aware of the change and by the new owner of rights within

after becoming aware of the existence of the insurance.

The rights of cancellation not used in the given period are forfeited.


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The premium pertaining to the period until the cancellation becomes effective is calculated on the pro rata basis and any surpl


At the time of the change of the owner of the insured items, the policyholder and the new owner of rights who has not exercis

right of cancellation are jointly responsible for the due premiums to be settled.

Upon the death of the policyholder, all rights and liabilities arising from this contract are entirely transferred to the new owners

This insurance has been transacted to give coverage only at location or locations shown in the policy.

In case the location of the insured items is changed, the provisions of the Article C.3 are applied.

In case of the insurance of household effects, upon change of residence (so long as it is in the same city and in the same type

construction) insurance is continued in the new residence including fire, explosion and lightning covers during the transportatio

C.7. Communications and Notifications:

Notices of the policyholder shall be made via a notary public or by a registered letter either to the Insurance Company's Head

to the Agent through whom the Insurance Contract has been affected.

Notices of the Insurance Company shall be made to the policyholders address shown on the policy, and in case the address ha

changed, to the last notified address in the same way.

Notices given to the parties in letters delivered by hand in return for a signature or telegrams are considered as registered ma

Notices of cancellation given by the Insurer come into force at noon 15 days after they are mailed or delivered to the notary p

the notice of cancellation given by the policyholder comes into force at noon on the day following the date of mailing or deliver

notary public.

C.8. Non-disclosure of the Commercial and Professional Secrets:

The insurer and authorized representatives of the Insurer are liable for the prejudices arising from the disclosure of the comm

professional secrets, relating to the policyholder and insured that might come to their knowledge.

C.9. Competent Court:

Competent court for the lawsuits to be filed against the insurer, with respect to the disputes arising from this insurance contra

court in charge of commercial lawsuits at the place where the head office of the insurance company, or the legal domicile of th

through whom the insurance contract has been effected, is located, or at the place where the risk has occurred. As for lawsuit

filed by the insurer, the competent court is the one in charge of commercial lawsuits at the place where the legal domicile of th

defendant located.

C.10. Prescription:

All claims having their origin in the insurance contract are time barred in two years.

C.11. Special Conditions:

Special conditions may be added to these General Conditions, provided that they are not against the insured.


15/28

The policy protects you from physical loss or damageas a result of Fire and Lightening which is a

basic cover and it can be extended to cover" named perils" such as explosion, natural calamities

(like storm, floods, landslide etc), impact damage by vehicles /animals aircrafts, riots ,strikes

,malicious acts, bursting of pipes/water tanks, sprinkler leakage and bush fires.

Earthquake (fire and shock)

Spontaneous combustion

Impact damage

Fees of architect, surveyor and consulting engineer

Debris removal

Burglary

Riot and strike Damage

Malicious Act

Explosion

Atmospheric disturbance

Aircraft damage etc

Electrical Clause B

Allied Perils

In the event of any interruption to your businessas a result of damage to your premise due to any

peril insured under the Fire MaterialDamage Policy, this policy enables you to recover:

Loss of Gross Profit due to a reduction in turnover

Increased Cost of Working incurred in minimizing that loss of Gross Profit

Wages

Lay-off and retrenchment compensation and notice wages liability

Auditors extension

Suppliers extension

Customers extension

Public utilities extension


16/28

PA Insurance Department Offers Simple Tipsto Prevent Home Fires

HARRISBURG, Pa., Nov. 5, 2013 /PRNewswire-USNewswire/ -- Deaths from fires and burns are the

third-leading cause of fatal home injuries, and PennsylvaniaInsurance Commissioner Michael

Consedine today offered five simple ways to prevent home fires.

"Often victims in house fires die from smoke or toxic gases, rather than burns," Consedine said. "We

can all take certain precautions to help prevent these types of tragedies, particularly now as we

prepare for colder weather."

Tip 1Give heaters their space

In colder months, heating can be a concern. Portable, electric space heatersneed three feet of clear

space in all directions. Keep heaters away from draperies, furniture, bedspreads, people and pets.

Also, homeowners should have their central heating equipment professionally inspected and

serviced each heating season. And if you regularly have logs burning in your fireplace, have your

chimney inspected and cleaned annually.

Tip 2Stand by your pan

Cooking, particularly stove-top cooking, is the leading cause of home fires. Many such fires happenafter residents put something on the stove, but become distracted and forget about it. If you have to

leave the kitchen while cooking, turn the heat off the burner.

Tip 3Don't smoke in bed

House fires can occur as smokers lose track of their still-smoldering butts, which then come in

contact with flammable surfaces such as couch cushions. Also cigarettes should be doused with

water before they are thrown away to make sure they are completely extinguished.

Tip 4Check electrical cords and don't overload your fuse box

Faulty or worn electrical cords are another top cause of home fires. Cords that become frayed or

cracked can send sparks to flammable surfaces and start a fire. Check all of your electrical cords to

see they are in good shape, and replace those that have deteriorated.

Also, do not overload your circuits. Stick with one plug per receptacle/outlet. Another potential -

hazard occurs when numerous outlets are wired to a single circuit. You may find that all of the

outlets in an entire room are connected to a single circuit. This means that you don't necessarily

have to overload a single outlet to cause a fire.

Tip 5Check your smoke alarms
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17/28

All households should have at least one smoke alarm on each floor and preferably one in every

bedroom. New smoke alarmsshould be installed every ten years. Test the alarm and replace the

battery yearly.

Homeowners and renters insurancecan help you replace your possessions after a fire loss. To see

more homeowner tips, visitwww.insurance.pa.govand click on the "Get Educated" tab. Consumers

with insurance questions should call the department's toll free numberat 877-881-6388.

Media contact: Rosanne Placey or Melissa Fox, 717-787-3289

SOURCE Pennsylvania Insurance Department

RELATED LINKShttp://www.insurance.pa.gov

More by this Source

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Oct 25, 2013, 15:15 ET

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Jul 30, 2013, 10:51 ET

View all news by Pennsylvania Insurance Department

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Prevent Home Fires with Tips from Amica

Insurance
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18/28

House fires can occur any time, day or night, so its important do

everything you can to keep your family safe.

Make sure yoursmoke detectorsare working, and make sure you have one for every floor of your

home.

Lincoln, RI (PRWEB) November 04, 2013

House fires kill thousands of people and cause billions of dollars in damage each year. In

2012,Amica Insurances claims division saw a spike in fire claims during the fall and winter months.

Thats why Amicais providing tips to keep you, your family and your home safe from fires.

House fires can occur any time, day or night, so its important do everything you can to keep your

family safe. The National Fire Protection Association(NFPA) reports that in 2011, fire departments

responded to 370,000 home structure fires, which caused 13,910 injuries, 2,520 deaths and $6.9

billion in direct damage.

Amica, the NFPA and other fire safety experts offer these tips for fire safety:

Talk to children about the dangers of playing with matches and lighters. Store matches and lighters

in a locked cabinet or out of reach.

Turn off the stove and blow out any candles when you leave the room.

Make sure chimneys, fireplaces, wood and coal stoves and furnaces are regularly inspected and

cleaned.

Keep combustible materials away from fireplaces, wood stoves, stove tops and other heating

sources.

Store gasoline in approved containers and keep the containers in an outdoor shedor other area

away from your home.

Make sure your smoke detectors are working, and make sure you have one for every floor of your

home.
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19/28

Be aware - not all kitchen fires start withcooking

When thinking of the cause of a kitchen fire, it is common to think of cooking. But not allkitchen fires start because of cooking hazards. Non-cooking related fires commonly involverefrigerators, freezers or dishwashers. The following tips can help prevent non-cookingrelated fires from occurring in your kitchen.

Plug all kitchen appliances, including microwaves, toasters and coffee makers,

directly into a wall outlet. Never use an extension cord as it can overheat or overload

the circuit and cause a fire. Be sure to only use properly grounded outlets for larger appliances. Have the wall

outlets and circuits checked by a qualified electrician to make sure they are properlygrounded.

If a standard 2-prong outlet is present, have a qualified electrician replace it with a

properly ground 3-prong wall outlet.Do not use an adapter. Plug your refrigerator into its own individual outlet that matches the rating plate on

the appliance.This can help prevent overloading wiring circuits, which could cause afire from overheated wires. Check with a qualified electrician to make sure the outletproperly supports the appliance.

Repair or replace any power cords that become frayed or otherwise damaged.Neveruse a cord that shows cracks or other damage.

When moving kitchen appliances, be aware of power cords.Rolling over or pinchingpower cords can damage them.

Unplug small appliances when not in use. Keep your stove and oven clean.Built up food splatter or grease can later ignite when

the stove or oven isturned on for cooking.
https://www.travelers.com/prepare-prevent/home/fire-safety/cooking-fire.aspxhttps://www.travelers.com/prepare-prevent/home/fire-safety/cooking-fire.aspxhttps://www.travelers.com/prepare-prevent/home/fire-safety/cooking-fire.aspxmailto:?subject=Cooking%20is%20not%20the%20only%20known%20cause%20of%20a%20kitchen%20fire.%20Learn%20what%20other%20sources%20can%20start%20a%20fire.&body=Get%20tips%20on%20how%20to%20help%20prevent%20a%20fire%20involving%20major%20appliances%20or%20electrical%20hazards%20in%20the%20kitchen.%20http://travl.rs/1fcy1q0mailto:?subject=Cooking%20is%20not%20the%20only%20known%20cause%20of%20a%20kitchen%20fire.%20Learn%20what%20other%20sources%20can%20start%20a%20fire.&body=Get%20tips%20on%20how%20to%20help%20prevent%20a%20fire%20involving%20major%20appliances%20or%20electrical%20hazards%20in%20the%20kitchen.%20http://travl.rs/1fcy1q0mailto:?subject=Cooking%20is%20not%20the%20only%20known%20cause%20of%20a%20kitchen%20fire.%20Learn%20what%20other%20sources%20can%20start%20a%20fire.&body=Get%20tips%20on%20how%20to%20help%20prevent%20a%20fire%20involving%20major%20appliances%20or%20electrical%20hazards%20in%20the%20kitchen.%20http://travl.rs/1fcy1q0mailto:?subject=Cooking%20is%20not%20the%20only%20known%20cause%20of%20a%20kitchen%20fire.%20Learn%20what%20other%20sources%20can%20start%20a%20fire.&body=Get%20tips%20on%20how%20to%20help%20prevent%20a%20fire%20involving%20major%20appliances%20or%20electrical%20hazards%20in%20the%20kitchen.%20http://travl.rs/1fcy1q0mailto:?subject=Cooking%20is%20not%20the%20only%20known%20cause%20of%20a%20kitchen%20fire.%20Learn%20what%20other%20sources%20can%20start%20a%20fire.&body=Get%20tips%20on%20how%20to%20help%20prevent%20a%20fire%20involving%20major%20appliances%20or%20electrical%20hazards%20in%20the%20kitchen.%20http://travl.rs/1fcy1q0https://www.travelers.com/prepare-prevent/home/fire-safety/cooking-fire.aspx


20/28

Check and clean stove hoods and filters regularly.If your stove hood vents externally,make sure insects or birds do not build nests or otherwise impede air flow through it.

Never store flammable liquids near appliances.Keep gasoline, paint thinners andother flammable liquids or materials in Underwriters Laboratory (UL) listedcontainers and out of your house.

Never use a kitchen oven to heat your home.Not only is this a fire hazard, but it canalso give off toxic fumes.

What to do if a kitchen fire flares up

By exercising caution at all times in your kitchen, you can help reduce the risk of a kitchenfire. But if a fire does flare up, you need to be prepared.

Your safety should always come first.If you are unsure about whether it is unsafe tofight the fire, leave the scene, call 911 for help, and let the fire department controlthe fire.

If a small fire flares up and you are going to attempt to extinguish it, call 911 for helpfirst.A fire may grow out of control more quickly than you anticipate. It is safer tohave help already on the way.Using a fire extinguisher

Help prevent common household fires

Using our claim data, we have developed a list of the most common causes of fire-relatedlosses as well as some things you can do to help prevent them.

Faulty wiring and outlets are one of the top causes of house fires.
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21/28

Check the electrical cords throughout your home for signs of fraying, and replace allfrayed wires.

Do not pinch or cover electrical cords with items such as rugs.

Be aware of the capacity of your home's electrical system. Do not overload your

outlets. If you have questions about your home's electrical system, you may want toconsult a licensed electrician.

Understand the difference between surge protectors and power strips - both allowyou to plug in multiple electronic devices, but only the surge protector will help guardthese devices from a power spike. Use surge protectors to protect valuableappliances, such as computers and televisions.

Carelessness in the kitchen may also lead to a house fire.

Never leave your pots or pans unattended on your stove.

Keep a kitchen fire extinguisher readily available and know how to use it.

If a grease fire erupts, turn off the heat source. Do not throw water on the firebecause it may cause the fire to spread.

If a fire starts in your oven, close the over door and turn off the heat to smother theflames.

If a fire starts in your microwave, turn off the microwave, and do not open it until thefire is completely out. Unplug the microwave only if you can safely do so.

Clothes dryers are another common source of house fires.

If you are installing your own dryer vent, follow the directions in the manual. If youare unsure about how to properly install the vent, consider hiring a professional to dothe installation.

Clean out the dryer vent regularly.

Clean out the lint filter after each load.

Lint may also collect under and behind your dryer, so do not forget to clean theseareas.

Alternative heating sources may also create a fire hazard.

Avoid using an older space heater, if possible. When purchasing a new spaceheater, pay attention to the safety features.


22/28

Do not place a space heater near furniture, curtains or other objects that could easilycatch fire.

If you plan to install an alternative heating system, such as a wood or pellet stove,follow the instructions. If you are unsure about how to properly install the system,consider hiring a professional to do the installation.

Before installing a wood or pellet stove, check to ensure it complies with the laws ofyour state and municipality.

Dirty chimneys also pose a fire hazard.

Have your chimney inspected annually by a CSIA-certified chimney sweep. Have aprofessional clean and repair the chimney as needed, especially before the coldmonths, when you will be using it frequently.

Use seasoned wood only. Never burn green or damp wood.

Never burn cardboard boxes, wrapping paper, trash or trees in your fireplace - thesecan all spark chimney fires.

Proper fire extinguisher use

You should know exactly how to use a fire extinguisher in the event a fire develops and youfeel you are safely able to fight it. It is recommended that only those trained in the properuse of fire extinguishers consider using them when appropriate.

Call for help before attempting to extinguish a fire.A fire may grow out of control morequickly than you anticipate. It is wise to have help on the way.
mailto:?subject=Fire%20extinguisher%20basics%20-%20from%20our%20Safety%20Consultants%20at%20Travelers.&body=Fires%20can%20happen%20anywhere,%20anytime.%20Knowing%20how%20to%20use%20a%20fire%20extinguisher%20is%20more%20than%20a%20good%20idea%20-%20it%20can%20be%20a%20matter%20of%20life%20or%20death.%20Get%20the%20basics%20from%20Travelers.%20http://travl.rs/194MK0Fmailto:?subject=Fire%20extinguisher%20basics%20-%20from%20our%20Safety%20Consultants%20at%20Travelers.&body=Fires%20can%20happen%20anywhere,%20anytime.%20Knowing%20how%20to%20use%20a%20fire%20extinguisher%20is%20more%20than%20a%20good%20idea%20-%20it%20can%20be%20a%20matter%20of%20life%20or%20death.%20Get%20the%20basics%20from%20Travelers.%20http://travl.rs/194MK0Fmailto:?subject=Fire%20extinguisher%20basics%20-%20from%20our%20Safety%20Consultants%20at%20Travelers.&body=Fires%20can%20happen%20anywhere,%20anytime.%20Knowing%20how%20to%20use%20a%20fire%20extinguisher%20is%20more%20than%20a%20good%20idea%20-%20it%20can%20be%20a%20matter%20of%20life%20or%20death.%20Get%20the%20basics%20from%20Travelers.%20http://travl.rs/194MK0Fmailto:?subject=Fire%20extinguisher%20basics%20-%20from%20our%20Safety%20Consultants%20at%20Travelers.&body=Fires%20can%20happen%20anywhere,%20anytime.%20Knowing%20how%20to%20use%20a%20fire%20extinguisher%20is%20more%20than%20a%20good%20idea%20-%20it%20can%20be%20a%20matter%20of%20life%20or%20death.%20Get%20the%20basics%20from%20Travelers.%20http://travl.rs/194MK0Fmailto:?subject=Fire%20extinguisher%20basics%20-%20from%20our%20Safety%20Consultants%20at%20Travelers.&body=Fires%20can%20happen%20anywhere,%20anytime.%20Knowing%20how%20to%20use%20a%20fire%20extinguisher%20is%20more%20than%20a%20good%20idea%20-%20it%20can%20be%20a%20matter%20of%20life%20or%20death.%20Get%20the%20basics%20from%20Travelers.%20http://travl.rs/194MK0F


23/28

Determine a safe evacuation path before approaching the fire.Do not allow the fire, heat orsmoke to come between you and your evacuation path.

Attack the fire using the PASS method:


24/28


25/28


26/28

Insurance is an integral part of any personal financialplan. The type of

insurance and the amount of coverage you obtain all depends on your unique

financial and family circumstances, and must be evaluated carefully. When

considering purchasing coverage, you should review all the potential risks and

the financial impact of these risks on your financial health. This will help you

determine what options to look for and what questions to ask. What you need to

keep in mind is that you do not want to be underinsured or overinsured, which

means you have to do your homework before you buy. And as with any type of

financial product, you must read the fine print and consult with a competent

advisor.

Let's review what we've learned:

Insuranceis a form is risk management in which the insured transfers the

cost of potential loss to another entity in exchange for monetary

compensation known as thepremium.

Insurance works by pooling risks. Because the number of insured

individuals is so large, insurance companies can use statistical analysis to

project what their actual losses will be within the given class. This allows

the insurance companies to operate profitably and at the same time pay

for claims that may arise.

Underwritingis the process of evaluating the risk to be insured. This isdone by the insurer when determining how likely it is that the loss will

occur, how much the loss could be and then using this information to

determine how much you should pay to insure against the risk.

The insurance contract is a legal document that spells out the coverage,

features, conditions and limitations of an insurance policy.

Property and casualty insuranceis insurance that protects against

property losses to your business, home, or car and/or against legal

liability that may result from injury or damage to the property of others.

This type of insurance can protect a person or a business with an interest

in the insured physical property against losses.

An autoinsurance policy typically covers you and your spouse, relatives

who live in your home and other licensed drivers to whom you give

permission to drive your car.
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27/28

Homeowners insurance typically covers the dwelling (the structure),

personal property and contents, and some forms of personal liability. The

policy may cover direct and consequential loss resulting from damage to

the property itself, loss or damage to personal property, and liability for

unintentional acts arising out of the non-business, non-automobile

activities of the insured and members of that insured's household.

Umbrella insurance helps you protect your assets if you are sued.If you

are worried that the liability insurance coverage you have through your

auto or property policies is still not enough, you can consider adding an

umbrella policy.

Health insuranceis a type of insurance that pays for medical expenses in

exchange for premiums. The way it works is that you pay your monthly or

annual premium and the insurance policy contracts healthcare providersand hospitals to provide benefits to its members at a discounted rate.

Anindemnity plan,sometimes called a fee-for-service plan, is a type of

insurance that reimburses you according to a schedule for medical

expenses, regardless of who provides the service.

The HMO is the most common type of insurance policy people own and

the one most frequently provided by employers. HMOs provide a wide

range of comprehensive healthcare services to a group of subscribers in

return for a fixed periodic payment.

PPOs are a group of healthcare providers that contract with an insurance

company, third-party administrators, or others (like employers) to

provide medical care services at a reduced fee.

A point of service plan is a hybrid plan that combines aspects of an HMO,

PPO and indemnity plan. This type of plan is more flexible in that it allows

you to decide at the time you need services to elect to use the POS plan's

physician to arrange in-network care (HMO feature), or to go outside the

network or hospital and pay a higher portion of the cost.

Disability insurance can replace a portion of the salary you were makingbefore you became disabled and unable to work after a serious injury or

illness.

Disability insurance providers rate their premiums based on your job and

the level of risk involved in doing that job.
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The reason to buy long term care insurance is to protect your assets in

case you need to pay for assisted living, home care or a nursing home

stay.

Lifeinsurance provides you with the opportunity to protect yourself and

your family from personal risk exposures like repayment of debts after

death, providing for a surviving spouse and children, fulfilling other

economic goals (such as putting your kids through college), leaving a

charitable legacy, paying for funeral expenses, etc.

Whole life insuranceprovides guaranteed insurance protection for the

entire life of the insured, otherwise known as permanent coverage. These

policies carry a "cash value" component that grows tax deferred at a

contractually guaranteed amount (usually a low interest rate) until the

contract is surrendered. Universal life insurance,also known as flexible premium or adjustable life,

is a variation of whole life insurance. Like whole life, it is also a

permanent policy providing cash value benefits based on current interest

rates.

Variable life insuranceis designed to combine the traditional protection

and savings features of whole life insurance with the growth potential of

investment funds. This type of policy is comprised of two distinct

components: the general account and the separate account. The general

account is the reserve or liability account of the insurance provider, and is

not allocated to the individual policy. The separate account is comprised

of various investment funds within the insurance company's portfolio,

such as an equity fund, a money market fund, a bond fund, or some

combination of these.
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