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Inland Floater Insurance

  • 1. Product Overview
    It is a comprehensive insurance policy that covers personal or corporate property, whether in storage, use or in transit, and comprehensively compensates for damages caused due from any accident that is not specifically excluded in the Terms and Conditions. This insurance covers all risks except Exclusion in the policy.
  • 2. Company Who needs this policy
    The company who owns property in factory or building.
  • 3. Main compensating damages

    - damages due to fire (including lightning strikes)

    - Direct damage to the object, fire damage (leakage, immersion, destruction hand), evacuation damage (above damages incurred during the 5 days of the evacuation site during the insurance period)

    - Theft Damage

    - Damage of breakage

    - Explosions and ruptures, aircraft/vehicle crashes and contacts

    - Strikes

    - Miscellaneous hazards ( water, snowfall, smoke, the collapse of buildings, leakage, etc.)

  • 4. Not covered damages

    - Damage caused by the insured's purpose/intention.

    - Damage Caused by Riots, Seizure Revolution, Civil War, Affairs

    - Damage caused by blemishes, natural consumption, wear and tear, rust, mold, corrosion, deterioration, discoloration, etc.

    - Damage caused by fraud or embezzlement, loss or lost

    - Damage caused by the internal machine itself or the fault of the operation after processing the object