Factory and warehouse Insurance is a valuable benefit in an industrial set up used for manufacturing and storage of goods. It considers any financial loss
due to damage of goods, building or machinery in and outside premises.
The coverage may vary based on the type of the policy bought:
Comprehensive Cover: Includes all types of covers available for Factory & Warehouse premises
Valued Policy: Issued for materials for which market value cannot be ascertained
Floating Policy: Issued when same property frequently changes location
Replacement & Reinstatement Policy: Pays cost of replacement or reinstatement of the Insured asset
Specific Policy: Provides cover only up to a specific amount, usually less than the property value