To offer full coverage against all risks of loss or damage to insured properties caused by any external cause not specifically excluded under the policy.
The coverage includes loss of income/profit due to business interruptions caused by loss of or damage to the insured properties as covered under property insurance
To cover loss or damage to insured properties i.e. buildings, furniture, fixture, fittings, stock of merchandise, machinery etc. caused by fire, lightning, explosion of domestic use gas, and any other natural perils and misfortune that the insured elects to insure.