| Benefits | Coverage |
|---|---|
| Cash Assistance for Property Damage Due to Fire and/or Lightning, Earthquake, Typhoon and Flood | ₱10,000.00 |
| Death Due to Accident (For Owner & 1 employee) | ₱1,000.00 each |
| Robbery & Burglary | ₱1,000.00 |
| Annual Premium | ₱105.00 |
TERMS and CONDITIONS
- Insured can avail one (1) policy only.
- Eligibility: Principal must be 18 to 64 years old.
- Coverage is limited to the declared business's location only.
- Limits of liability is in annual aggregate.
- Robbery & burglary benefit is terminated once the property cover has been exhausted.
- For businesses within public markets, the public market must be class A and have a sprinkler system.
- A valid Business Permit and DTI Registration are required.
- Coverage is limited to the insured's declared business address.
EXCLUSIONS (PROPERTY):
Cash assistance does not cover any loss or damage due to the following:
- Damaged to residential structures and the contents therein unless the same is used in a commercial enterprise.
- Claims due to arson.
- Flooding caused by man-made or mechanical events.
- Fraudulent claims or those involving any false declaration.
- Loss, destruction, damage, or legal liability, directly or indirectly caused by or contributed by or arising from nuclear weapons material.
- Establishments that are less than 50 meters away from a body of Water.
- Establishments that are not made of Class A material, defined as being made of concrete &/or concrete hollow blocks under g.i roof).
- Establishments in public markets with no sprinkler systems.
EXCLUSIONS (PERSONAL ACCIDENT):
The policy will not cover any loss or expense caused by or resulting from:
- Intentionally self-inflicted injury, suicide, or any attempt threat while sane or insane.
- War, invasion, act of foreign enemy, hostilities, or warlike operations (whether war be declared or not), mutiny, riot, civil commotion, conspiracy, rebellion, revolution, insurrection, or Military or usurped power
- Congenital defects and conditions
- Engaged in any military duties or naval operations, police and civilians with peace and order duties or combatant duties or trainings
- Motorcycle related injuries or loss of life.
- Driving under the influence of prohibited drugs or alcohol.
- Sabotage and terrorism
- Loss or damage due to pandemic
These are only some of the exclusions. Complete listings are in the issued policy.
