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PERSONAL

COMMERCIAL

PROPERTY

What is Property Insurance?

An umbrella to Protect Your Financial Loss! We always care!

No matter how well prepared you are, every business is vulnerable to physical damage that could result in interruptions to daily operations. The damage may not only affect your buildings, but also your equipment and inventory.

Covering a wide range of property from residential to heavy industry providing covers for any fire-related accidents, catastrophe perils or all risk types.

What is covered?

BASIC COVER

Fire, Lightning and Domestic Gas Explosion.

Additional Perils

customers may select from a wide range of perils to cover additionally such as Flood, Storm, Riot & Strike, Vandalism, Impact Damager or Business Interruption etc.

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ALL RISKS COVER

For a large property, all risk insurance is the best choice in securing your monetary funds.
We can provide a tailor-made and flexible cover upon customer’s budget.

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Frequently Asked Questions

What is this type of insurance?

Property all risks is an indemnity policy that provides coverage against all risks to the insured property resulting from accidental physical loss or damage.

What is covered under property all risks insurance?

All risks cover for physical assets, interruption to business or loss of profits against any physical loss, destruction or damage not otherwise excluded.

Whom shall I call at the time of loss happen?

You should call your agent, broker or our CB claim service as soon as possible.

Should we notify about an accident even if the loss amount is less than the deductible?

In order to protect your right to make a claim under your policy, you should notify us about all events. If the loss amount is subsequently found to be below the deductible, you may withdraw the claim.

What are the documents required for claiming?

Completed claim form, Police/Authority report, Photo of damaged property, Report from the repairer on the cause of property damaged, Invoice of repair, Purchase/Sale invoice, Stock record and other documents required by company.

Who can buy this policy?

Small and medium enterprise, textile, manufacture factories, hotel, office, residence …etc with sum insured exceeding USD 10,000,000.00

How long is the policy valid for?

The policy is valid for 1 year.

Must we get your approval before we repair the damage?

Yes. Our claims teams or representatives will help you assess the repairs required and the reasonableness of the repair estimates.

Can insurance company cancel my policy after I file three claims?

The Company may cancel the Policy by giving thirty (30) days’ notice to the Insured’s last known address or electronic message means without return any premium.

Why chose CB General Insurance Plc.?

We make insurance easier, more affordable, more dependable and always care. Here promises are kept, claims are fulfilled, and lives are nurtured with utmost commitment.