A transfer of risk from one individual to another not based on true Insurance principles of reducing the individual risk to the risk of the statistical universe. Underwriters of Lloyd’s lf London are known to insure the eyes of artisans, the fingers of Piano players, voice of singers, and such other special risks.Special Storage Risks Insurance Under marine Insurance policies the cover can be granted to goods during storage at railway yard of carriers’ premises, pending clearance by the consignees on termination of marine cover under open policies or special declaration policies. This cover may be granted in conjunction with an open Policy of a special declaration Policy covering the transit of goods by rail or road. Risks under this Policy shall be similar to those under the open Policy or special declaration Policy except in case of SR & CC risk. The Insurance is linked to cover under the transit Policy as follows:Transit Policy
Special Storage Risk Policy
Basic risks only
Fire and Lightening only
Basic Risks, Non-Delivery of Entire Consignment
Fire, Lightning, Burglary
Basic Risks, Theft, Pilferage and Non Delivery
Fire, Lightning, Burglary, Housebreaking, Theft
Any Cover wider than above or All Risks of Transit
All Risks
SRCC Extension
Riot, Strike, Malicious Damage and Terrorism Risks