This insurance policy protect your property like buildings, plant and machinery, stocks and other installation against losses or damage caused by fire, flood, storm, earthquake, terrorism, vandalism, theft, smoke, hail, the impact of snow and ice, lightning, accidental damage and breakdown and more. This policy cover the cost to replace or repair the property by providing monetary compensation.
The policy protects stock, machines, tools, equipment lying in industrial, shop, warehouse premises against risk of burglary.
Any individual, firm, organization, or institution can apply for the burglary insurance policy. The only need is that you have an insurable interest in the asset either in your custody or possession.