- For fire & other perils, the claim payout is the lower of the actual damage OR benefit limit, subject to the excess limit mentioned below*.
- For burglary, the claim payout is the lower of the actual damage OR benefit limit subject to the Excess limit mentioned below*.
*Applicable Excess limit: 10% of the claim amount subject to a minimum of: KES 1,000 for Option 1 || KES 5,000 for Option 2, Option 3, Option 4 and Option 5
- For a personal accident or in case of accidental death or permanent total disability, a fixed amount as per the cover option chosen will be paid.
- For Business interruption due to Fire & other Perils, the lump sum pay-out as per the cover option chosen will be paid
- For Business interruption due to Hospitalisation, in case of hospitalisation for a minimum of 5 consecutive nights or more, the lump sum pay-out as per the cover option chosen will be paid
- Excluded businesses are banks; forex bureau; jewellery shops; premises where manufacturing is carried out; beer / tobacco dealers and distributors; open air markets
- If any claim under this policy shall be in any respect fraudulent or if any fraudulent means or devices are used by the Insured or anyone acting on his behalf to obtain any benefit under this Policy, all benefit hereunder shall be forfeited
- Loss or damage which is covered by any other policy that the client already has that covers the insured events
- Loss following confiscation by local authorities or damage by order of legally constituted authority
- Loss or damage to property occasioned by its own fermentation, natural heating or spontaneous combustion or by its undergoing any heating or drying process
- Loss of cash, currency, bank notes or securities of any kind
- Rent receivable / payable for the insured building
- Goods held in trust or on commission
- Illegal trade
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