Extra Expenses Insurance Policy

Extra Expenses Insurance Policy

Indemnifies the insured to pay extra expenses (excluding earnings or profit)necessarily incurred by the Insured in the event of interruption, cancellation, postponement, re-scheduling or re-shooting of the insured production schedule during the period of insurance of the declared production ,that results solely and directly from:

  • Loss or damage resulting from Section 1: Cast Insurance
  • Loss or damage resulting from Section 2: Equipments Insurance
  • Loss or damage resulting from Section 3: Props, Sets and Wardrobe Insurance
  • Loss or damage resulting from Section 4: Film Tapes/ Raw Stock/ Negatives Insurance
  • Fire
  • Lightning
  • Subsidence and Landslide including Rockslide
  • Riots, Strike and Malicious Damage
  • Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
  • Earthquake
  • Non Appearance of the named artists/cast/key members,equipments, props, sets, wardrobes, raw stocks and negatives on the schedule of shooting due to Accident, Fire, Lightning, Subsidence and Landslide including Rockslide, Riots, Strike and Malicious damage, Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation and Earthquake
  • Breakdown, Electrical, Mechanical and Electronic Derangement of owned and hired equipments
  • Burglary or theft of hired equipments
  • National Mourning and State Mourning as declared by the respective government
BASIS OF SUM INSURED

First Loss Basis.