Exclusions

What properties cannot be covered?

• Money cheques, stamps, bonds, credit cards, securities, jewelry, precious stones, precious metals, bullion, furs, curiosities, rare books, or works of art
• Documents, manuscripts, business books, computer systems, records, patterns, models, molds, plans, designs, or explosives
• Vehicles licensed for road use (including their accessories), caravans, trailers, railway locomotives or rolling stock, watercraft, aircraft, or spacecraft
• Property in transit
• Property or structures undergoing demolition, construction, or erection
• Land (including top-soil back-fill drainage or culverts), driveways, pavements, roads, runways, railway lines, dams, reservoirs, canals, rigs, wells, pipelines, tunnels, bridges, docks, piers, jetties, excavations, wharves, mining property, or underground off-shore property
• Livestock, growing crops or trees
• Property undergoing any process
• Machinery during installation, removal, or re-siting (including dismantling and re-erection)
• Property undergoing alteration, repair, testing, installation, or servicing
• Satellites
• Property insured by any marine policy
• Boilers, economizers, turbines or other vessels, machinery, or apparatus in which pressure is used

Major Exclusions are listed below:

• Faulty or defective design materials or workmanship inherent vice latent defect gradual deterioration deformation or distortion or wear and tear
• Interruption of the water supply gas electricity or fuel systems
• Collapse or cracking of buildings
• Corrosion, rust, extremes changes in temperature dampness, dryness, wet or dry rot fungus, shrinkage, evaporation, loss of weight, pollution, contamination, change in colour, flavour, texture, or finish, action of light, vermin, insects, marring or scratching.
• Acts of fraud or dishonesty