FIRE & SPECIAL PERILS (STFI)
Fire and special perils policy is an insurance contract that safeguards the insured against unforeseen contingency caused by accidental fire, lightning, explosion/implosion, destruction or damage caused by aerial devices, man made perils in the form of riots, strike etc, natural calamities like storm, cyclone, flood etc, damage caused by impact by a rail or a road vehicle, damage cased by landslide or subsidence, peril caused by pollution and contamination, bursting and/or overflowing of water tanks, apparatus and pipes, missile testing operations, leakage from automatic sprinkler installations and bush fire.

LOSS OF PROFIT
This covers the loss of income that a business suffers after a disaster while its facility is being rebuilt. This type of coverage is not sold as a stand-alone policy, but can be added on to the business property insurance policy or comprehensive package policy.

ENGINEERING – MACHINERY BREAKDOWN
We at Rexa machinery breakdown insurance provide you with a policy which covers financial loss incurred by the insured due to loss or damage to machinery as a result of accidental electrical and mechanical breakdown. It reimburses the insured for the cost of repairs or replacement of machinery of like nature.

ELECTRONIC EQUIPMENT
This is a specially designed policy which covers accidental loss or damage to electronic equipment. The policy covers sudden and unforeseen physical damage including breakdown to the electronic equipment covered under the policy due to any reason not specifically excluded.

It covers damage caused by the following perils:-
• Smoke, soot, dust, corrosive gases etc.
• Water and Humidity.
• Short circuit and Electrical fire risk.
• Faulty operations, lack of skill.
• Falling object and entry of foreign bodies
• Fire, lightning, explosion.
• Riot and strike and malicious damage and terrorism.
• Theft and burglary.
• Natural calamities – flood, inundation, storm, cyclone and earthquake
• Subsidence, landslide, rockslide.

CONTRACTOR PLANT AND MACHINERY
The policy comprises of 2 Sections:-

• Section I-Material Damage-covering physical loss, damage or destruction of the property insured by any cause, other than those specifically excluded in the policy.
• Section II-Third Party Liability-covering the legal liability falling on the insured contractor as a result of bodily injury or property damage belonging to a third party.

BOILER PRESSURE AND PLANT MACHINERY
Rexa’s Boiler and Pressure Plant Insurance covers damage to boilers & pressure plant with damage to surrounding property and Third Party legal liability arising due to explosion and collapse of the boiler/ pressure plant during its normal course of working.
• Policy covers physical loss or damage to boilers and/or other pressure plant against unforeseen and sudden physical loss of or damage due to explosion or collapse of the insured items.
• Coverage includes:
o Damage (other than Fire) to the boilers & pressure vessels;
o Damage to surrounding property – Upto Limit agreed and
o Third party legal liability due to Explosion/ Collapse/ Implosion – Upto Limit agreed

CONTRACTOR ALL RISK
This contractors all risk insurance policy is specially designed to give financial protection to the Civil Engineering Contractors in the event of an accident to the civil engineering works under construction.
The policy comprises of 2 Sections:
• Section I-Material Damage-covering physical loss, damage or destruction of the property insured by any cause, other than those specifically excluded in the policy.
• Section II-Third Party Liability-covering the legal liability falling on the insured contractor as a result of bodily injury or property damage belonging to a third party.

ERECTION ALL RISK
This policy is usually acquired by the Contractors who are engaged in executing mechanical projects on a continuing basis. It can be taken for an independent sole project or all parallel assignments can be sheltered under a yearly policy.

DETERIORATION OF STOCK
Wherever there is storage of goods in a refrigerated environment there is the risk of damage from a variety of causes. For example, there may be a failure in the power supply, impact damage caused by a forklift or simply a breakdown. We provide you policy to cover the loss of stored stocks.