Benefits:

• Protects physical assets such as buildings, machinery, furniture, and inventory.
• Minimizes financial disruption and supports business continuity after a loss.
• Covers repair, replacement, or reinstatement costs of damaged property.

Key Points to Remember:

• Proper valuation and adequate sum insured are essential.
• Nature of occupancy and security arrangements must be correctly disclosed.
• Add-on covers should be evaluated based on risk exposure.