Factory and warehouse insurance holds ample importance in terms of offering great benefits in an industrial setup that is used for manufacturing and storage of goods. Factory and warehouse insurance policy in India provides coverage against any monetary loss resulting from any damage of goods, machinery or building in and outside of the premises.
Why Choose Business Insurance From Yalla
Compare Quotes from up to 20 Different Insurance
Comfort of Your Home
Simple & Fast Claim Process
Policy Settlement within 2 minutes
Warehouse Insurance Features:
Customizable warehouses of various sizes
Free zone and non-free zone locations
Close to major logistics hubs
On-site labour and staff accommodations
Types Of Warehouse Insurance:
This plan includes all types of covers available for factory & warehouse premises.
This factory & warehouse insurance policy is issued when same property frequently changes its location.
This policy can be issued for materials for which market value cannot be ascertained.
This factory & warehouse insurance coverage provides cover only up to a specific amount, usually lesser than the property valuation.
Replacement & Reinstatement Policy:
This policy pays for the cost of replacement or reinstatement of the insured asset.
Documents Required To Purchase A Warehouse Insurance Plan In UAE:
Along with satisfying the eligibility criteria, you need to submit relevant documents as proof of your identity, age, and address. Following is the list of documents you need to submit while purchasing a life insurance plan in the UAE.
Emirates ID for UAE nationals and residents,
Valid Passport ID for ex-pats with a valid Emirates visa
Utility bills for address proofs,
Bank Statement from the past three to six months
Proof of health status
Coverage Of Warehouse Insurance:
Rent for alternative accommodation
Fire loss of profit
Plate glass cover
Cash in safe and cash in transit
Best Business Insurance Plans In UAE
Al Buhaira Insurance
Noor Takaful Insurance
Not Covered In Warehouse Insurance:
The policy does not cover intentional damage to the property.
Damage to the property due to illegal activities and consequential loss.
Normal wear and tear due to deterioration.
Damages due to war, radioactive contamination and pollution