STORAGE TANK INSURANCE

STORAGE TANK INSURANCE

Protect against unexpected physical losses or damages to storage tanks such as palm oil or fuel oil tanks.

This policy covers:-

Section I - Material Damage

This section of insurance covers the business owner against loss of or damage to storage tanks due to accidental damage to the tanks caused by bursting, splitting, rupture, collapse or similar fortuitous events caused not hereinafter excluded by the policy.

Section II - Loss of Contents (Extended coverage)

This section of insurance covers the Insured against loss of contents of the specific tanks following the loss or damage which are indemnifiable under Section I - Material Damage.

This policy covers three sections: -

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