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The details of a fire section insurance policy, including the insurable interests, insured assets, and coverage for various types of losses such as hydro meteorological hazards, explosions, strikes, vandalism, and motor vehicle collisions. The policy covers buildings, contents, and consequential loss with a total insured value of $10,050,000.
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Risk location: Chilpancingo N° 92 Parque Industrial Chilpancingo Tijuana, Baja California Zip Code 22440 Full-paid insurable interest: Buildings: US $ 650, Contents: US $ 8,000, Consequential Loss: US $ 1,400, Total: US $ 10,050, Insurable interests have been provided by the policyholder and they represent 100.00% of the replacement cost coverage in Buildings, Contents and Consequential Loss, therefore if, in case of loss, the hereinabove sum differs from the existing values, the Proportional Rule clause may apply. Insured Assets: It includes all movable and immovable goods owned by the policyholder and/or third parties under their charge, safekeeping or control and by which they might be legally responsible and located in the aforementioned locations in the policy specifications, consisting mainly but not limited to buildings including their respective facilities, improvements and adjustments, contents in general, furniture, machinery and equipment, accessories, raw materials and products under development and / or terminated. Coverage: Any loss not specifically excluded, including: 1.- Hydro meteorological hazards (Mudflow, Hail, Blizzards, Swells, Tidal Waves or Tsunami, Snowfall, Cyclones, Hurricanes, Floods, Inundations) 2.- Coverage extension Explosions occurring either inside or outside the insured land that might damage the insured property. Strike lines or people taking part in strikes, labor disturbances, riots or revolts, or malicious people during the performance of such acts, or caused by the repressive measures taken by Authorities. Vandalism and damages resulting from malicious people (Deliberate damages over the insured assets as a result from deliberates acts by a person or people out of the strikes, popular riots or civil commotion cases.) Collision of aircrafts or fallen objects coming from the aircraft. Motor vehicles collision. Damages or losses caused by vehicles or aircrafts collisions owned by the policyholder or at his service, or property or tenants´ service. Smoke or soot. Accidental pipelines or water or steam supply systems breakages or leakage located in the boundaries of the land mentioned on the cover sheet or on the policy specifications.