All Risks

This policy covers loss or damage of valuable and portable articles in homes, offices, and on persons against all risks except those which are specifically excluded in the policy. The policy covers against losses or damage caused by:

• Fire
• Riot and strike
• Theft
• Accident
• Any fortuitous cause

Mirai will pay compensation to the insured to the extent of the intrinsic value of the property and valuables of the insured or member(s) of their family so lost, destroyed, or damaged.

Exclusions: The company shall not be liable in respect of:

• Damage caused by any process of cleaning, dyeing, bleaching, restoring, repairing, or renovation, or deterioration arising from wear and tear, moth, vermin, insects, mildew, or any other gradually operating cause.
• Breakage, cracking, or scratching of crockery, glass, cameras, binoculars, lenses, sculptures, curios, pictures, musical instruments, sports gear, and similar articles of brittle or fragile nature, unless caused by fire or accident to the means of conveyance.
• Loss or damage caused by mechanical or electrical derangement/breakdown of any article unless caused by accidental external means.
• Over-winding, denting, or internal damage of watches and clocks.
• Loss or damage to money, securities, manuscripts, deeds, bonds, bills of exchange, promissory notes, stocks or share certificates, stamps and travel tickets or travelers’ cheques, business books, or documents.
• Theft from any car except a fully enclosed saloon-type car having at the time all the doors, windows, and other openings securely locked and properly fastened.
• Loss or damage whether direct or indirect arising from war, war-like operations, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, insurrection, civil commotion, military or usurped power, seizure, capture, confiscation, arrests, restraint, and detainment by the order of any government or any other authority.
• Any loss or damage arising through delay, detention, or confiscation by customs or other authorities.
• Any loss, destruction, or damage to any property whatsoever or any loss or expense whatsoever, resulting or arising therefrom, or any consequential loss and any legal liability of whatsoever nature, directly or indirectly caused by or contributed to by or arising from ionizing radiation or contamination by radioactivity from any source whatsoever.
• Any loss, destruction, damage, or legal liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material.
• Consequential losses or legal liability of any kind.
• Losses or damage caused by acts of fraud or dishonesty of any employee of the insured.
• Any losses or damage when any of the property insured is left in any unattended vehicle, unless the property is contained in a completely closed and securely locked vehicle or the vehicle itself is housed in a securely locked building and entry to such building or vehicle is obtained by forcible and violent entry or exit.
• Loss or damage due to or contributed to by terrorism and sabotage activities.