In consideration of payment of additional premium the cover is extended to cover loss or damage by spoilage resulting from the retardation or interruption or cessation of any process or operation caused by any of the perils covered under the policy provided that liability for destruction of or damage to the property insured is first admitted by the company. The Add on cover may be for all stocks and machinery, containers and equipment in specified blocks, specified sums being declared for each block and must be made subject to Average.

A term used to refer to an employer that sets up or perpetuates a plan for its employee’s benefit. This term can also be used to refer to an employee group that does the same.

Spontaneous combustion is ignition resulting from internal heating which takes place due to chemical reaction to certain substances when stocked or stored in bulk. Heat is generated by combination of the substances with atmosphere oxygen (e.g., vegetable oils, coal) or by the action of micro-organization (e.g., hay) or by the reaction with water or some substance other than oxygen or by decomposition.
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UK: Self-ignition of combustible material by the internal development of heat. The standard fire policy excludes damage to property by its own spontaneous combustion but damage caused in any resultant fire spread is covered.

On payment of additional premium the printed exclusion of Spontaneous Combustion is deleted and instead the risk and/or destruction and/or loss caused by fire only of or to the property insured caused by its own fermentation, natural heating or spontaneous combustion is covered.

Considered to be heavier risks than other cars of the normal type. The repair costs are likely to be higher. These cars which are specially designed for usage at high speed are usually driven by young drivers from affluent families. The loss severity will be high because of the high speed ad carefree attitude. Thus, each ase is decided on individual merits and acceptance is subject to an excess, exclusion of personal accident benefits and loading of premium. Some insurers may restrict the driving to named persons only.

A comprehensive cover available to amateur sportsmen covering their sporting equipment, personal effects, legal liability and personal accident risk. If desired, the cover can also be made available in respect of the named member/s of the insured’s family residing with him. The cover is normally available for events taking place in India in respect of any one or more of the following sports: (i) Angling (ii) Badminton (iii) Cricket (iv) Golf (v) Lawn tennis (vi) Squash (vii) Use of sporting gun. However, this cover is not available to professional sportsmen.

The coverage under this extension provides for a number of emergency services that a vehicle owner could face in daily usage of the vehicle. Some of these emergencies may not involve accidental damage to the vehicle. The extension applies to the insured’s city of residence and within a distance of 100 kms from city. Repairs/services of insurers authorized repairers to be availed. Spot Assistance may include (a) Flat battery – providing alternative arrangements to make the vehicle mobile again. (b) Spare keys In the event of loss arrange for pick-up and delivery of spare keys (c) Flat Tyre – refit/replacement (d) Minor repairs (e) Towing (f) Urgent message relay following accident or breakdown (g) Medical coordination (h) Fuel assistance – up to 3 liters of fuel at cost (i) Taxi service – from breakdown site to maximum up to 50 or 100 kms. (j) Accommodation for one day following immobilization of vehicle to due to accident (k) Legal advice: Telephonic legal advice to maximum 30 minutes.