Medgulf Products

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    PROPERTY INSURANCE

    Owning a home nowadays has become a privilege, thus an investment on its own. At Medgulf we fathom out the importance of protecting any investment no matter how big or small, what if this investment is your family's safe-grounds?
    Insure your peace of mind with our prudent provided plans:

      FIRE & ALLIED PERILS [FAP]

      • Covers damage due to fire, lightning, explosion, and natural perils

       

      PROPERTY ALL RISK INSURANCE [FPR]

      Property All Risk Insurance provides the same protection as our Fire & Allied Perils Insurance but also includes:

      • Damage due to ALL Acts of God (Ex: Snow, Hail, Landslide, Tsunami)
      • LM7 Wording (London Market)


      Extensions / ADDITIONAL COVERAGES:

      • Burglary due to violent breakage & hold-up
      • Neighbors liability due to fire/material damages
      • Accidental plate glass breakage
      • Water & rain damage, and leakage investigations
      • Business interruption, loss of profit, loss of rent, and loss of use
      • Electrical fluctuation
      • Machinery breakdown and deterioration of stock
      • Strikes, riots, civil commotion, and malicious damages.


      POLITICAL VIOLENCE:

      Covers physical loss of or physical damage to the Buildings and Contents which belong to the Insured or for which the Insured is legally responsible, directly caused by one or more of the following perils:

      • Act of terrorism
      • Sabotage
      • Riots, Strikes and/or Civil Commotion
      • Malicious Damage
      • Insurrection, Revolution or Rebellion
      • Mutiny and/or Coup d'Etat
      • War and/or Civil War


      JEWELRY BLOCK INSURANCE:

      Jewelers block insurance is designed to provide coverage for loss of or damage to the stock of jewelry retailers, wholesalers, manufacturers, and pawnbrokers.


      ELECTRONIC EQUIPMENT INSURANCE:

      Our Electronic Equipment Insurance Policy provides comprehensive coverage against unforeseen and sudden physical loss or damage to electronic equipment and data, owing to perils other than those specifically excluded under the policy.>

      Electronic equipment insurance mainly covers material damage caused by the following reasons:

      • Damage caused by operation
      • Damage caused by electric energy (short circuit, excess voltage or induction)
      • Damage caused by human element (faulty operation, lack of skill, negligence)
      • Damage caused by manufacturer (faulty design, defects in material, faults at workshop, faults in erection


      DETERIORATION OF STOCK INSURANCE

      This policy is designed to cover against deterioration of stock in cold storage due to a breakdown of the refrigerating plant / machinery as a result of any material damage to the refrigerant plant which is indemnifiable under the Machinery Breakdown Insurance. 


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