All Risks

The policy covers loss or damage of valuable and portable articles in homes, offices and on persons against all risks except those which are specifically excluded in the policy. The policy covers against losses or damage caused by:

  • Fire
  • Riot and Strike
  • Theft
  • Accident
  • From any fortuitous cause

FICO will pay compensation to the Insured to the extent of the intrinsic value of the property and valuables of the Insured or member(s) of his family so lost, destroyed or damaged.


The Company shall not be liable in respect of:

  • Damage caused by any process of cleaning, dyeing or bleaching, restoring, repairing or renovation or deterioration arising from wear and tear, moth, vermin, insects or mildew or any other gradually operating clause.
  • Breakage, Cracking or Scratching of Crockery, Glass, Cameras, Binoculars, Lenses, Sculptures, Curios, Pictures, Musical Instruments, Sports Gear, and similar articles of brittle or fragile nature, unless caused by fire or accident to the means of conveyance.
  • Loss or damage caused by mechanical or electrical derangement/breakdown of any article unless caused by accidental external means.
  • Over-winding, denting or internal damage of watches and clocks.
  • Loss or damage to Money, Securities, Manuscripts, Deeds, Bonds, Bills of Exchange, Promissory Notes, Stocks or Share Certificates, Stamps and Travel Tickers or Travellers Cheques, Business books or documents.
  • Theft from any car except car of fully enclosed saloon type having at the time all the doors, windows and other openings securely locked and properly fastened.
  • Loss or damage whether direct or indirect arising from War, War-like operations, Act of Foreign Enemy, Hostilities (whether war be declared or not) Civil War, Rebellion, Insurrection, Civil Commotion, Military or Usurped Power, Seizure, Capture, Confiscation, Arrests, Restraint and Detainment by the order of any Government or any other authority.
  • Any loss or damage arising through delay, detention or confiscation by Customs or other authorities.
  • Any loss, destruction or damage to any property whatsoever or any loss or expense whatsoever, resulting or arising therefrom or any consequential loss and any legal liability of whatsoever nature, directly or indirectly caused by or contributed to by or arising from ionizing radiation or contamination by radioactivity from any source whatsoever.
  • Any loss, destruction, damage or Legal Liability directly or indirectly caused by or contributed to by or arising from Nuclear Weapons material.
  • Consequential losses or legal liability of any kind.
  • Losses or damage caused by acts of fraud or dishonesty of any employee of the insured.
  • Any losses or damaged when any of the property insured is left in any unattended vehicle, unless the property is contained in a completely closed and securely locked vehicle or the vehicle itself is housed in a securely locked building and entry to such building or vehicle is obtained by forcible and violent entry or exit.
  • Loss or damage due to or contributed to by Terrorism and Sabotage activities.
  • How to claim

    If an event giving rise to or likely to give rise to a claim under the policy comes to the insured’s knowledge, s/he shall immediately (within 24 hours) notify the insurer and within 14 days:

    •  Immediately notify the insurance company by phone, email, fax or in writing.
    •  Submit a Claim Form duly filled in to the insurance company.
    •  Give the insurer particulars of any other insurance covering the same event.
    •  Give the insurer written details of any claim.
    •  Give the insurer such proof, information and sworn declarations it may require from time to time and forward to the insurer immediately any document or details of any communication received in connection with a claim.
    •  In the case of theft give immediate notice to the police and take any other practicable steps to discover the thieves and recover any missing property.
    •  Take immediate steps to minimize the loss and ensure that all rights against any party who may be responsible for the loss are preserved.

    The Insured shall tender to the insurance company all reasonable information, assistance and proofs in connection with any claim hereunder and shall, if required, make an Affidavit or Statutory declaration in substantiation of such claim.

    Note: Policy details given are indicative, not exhaustive. Please contact your nearest FICO office for further details.