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 LMG SME Value Package for Enterprise
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Occupation : General Office/Apartment/Mansion/School/Associations/Fitness/Clinic
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SME Package for Enterprise
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1.Fire, lightning, windstorm, vehicle impact, smoke, aircraft, water damage, bush fire, earthquake,explosion, riot strike, malicious acts and vandalism, hail
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500,000 upto 10,000,000
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2. Loss or damage caused by burglary to the insured property with forcible entry/exit,including robbery at insured premises
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Max. 100,000 any one accident and 1,000,000 in aggregate
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3. Loss of cash in premises caused by burglary
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Max. 100,000 any one accident and in aggregate
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4. Third party liability for bodily injury and property damage within the insured premises
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Max. 100,000 any one accident and 1,000,000 in aggregate
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5. Loss or damage to plate glass caused by accidental breakage
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Max. 100,000 any one accident and in aggregate
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6. Electrical Injury/self heating
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Max. 100,000 any one accident and in aggregate
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7. Repair cost of entrance caused by burglary
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Max. 20,000 any one accident and in aggregate
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8. Cost of debris removal from loss under major coverage 1.
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Max. 10% of loss any one accident
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9.Cost of fire extinguishing
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Max. 10% of loss any one accident
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10. Rental cost of temporary outlet
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2,000 per day / Max. 60,000 any one accident
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11. Personal Effects
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Max. 5,000 any one accident
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12. Loss of income
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1,000 per day / Max. 30 days any one accident
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13. Accidental damage to Neon Sign or Sign Board
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Max. 50,000 any one accident and in aggregate
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14. Compensation for death within the insured premise of the Insured and/or any member of the Insured's family and/or any person normally residing with the Insured for 4 person (name basis) caused by an Insured Perils item 1 and 2
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100,000 per person / Max. 400,000 any one accident and in agregate
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Insurance Conditions
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General Exclusions:
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1) The package applies to Superior Class (concrete with steel roof beam and tile roof) For upcountry, premises must locate in general common area only
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1) Wooden or half wooden premises or locate in conflagrative block
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2) The premises must not locate in department store / plaza or dangerous zone announced by The Department of Insurance
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2) Gold and gold buillion, jewelry gems, precious stones , antiques, documents, manuscripts, paintings, securities, stamps etc.
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3) The company's limit of liablity should not exceed the sum insured under major coverage 1.
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3) Explosive items, all vehicles either roaduse , waterborne or airway
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4) War and terrorism exclusion
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5) Y2k/Millennium exclusion
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6) Electronic Data and Internet Exclusion
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Remark : LMG will inform in advance in the event of survey is required
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