Gap insurance is an optional, add-on auto insurance coverage generally taken by car dealers which helps their customer to cover the “gap” between the insured value of the car and the depreciated value in the event of a total loss to insured’s vehicle.
GAP insurance only applies to vehicle total losses either accidental or theft as covered under own damage section of unified motor insurance policies and does not apply to third party liabilities. If your vehicle meets with an accident which results in a total-loss or is stolen, you could lose as much as 20% of the vehicle value in depreciation. The GAP insurance policy covers this risk associated with depreciation.
Specifically designed policy to cover risks associated with a cyber-related security breach or similar event
Provides guarantee on behalf of the contractor, in case of failure to perform their obligations
Covers loss or damage to crops, livestock, structures, green houses and farm equipments
Covers loss or damage to offshore and onshore farms including hatcheries
Covers organisations and individuals against the loss or damage to valuables, precious stones, jewelleries, and works of art
Marine cum storage cover that insures movement of goods throughout the supply chain, from production to final destination
Covers the cost and associated expenses attributable to recall of a product due to fault or contamination