Plate glass is used in various types of shops and businesses for show cases, store fronts and for several other commercial purposes. It is the very nature of glass that it is bound to break. There may be a number of causes that can lead to such breakage, such as, snow, windstorms, heat, wars, explosions, burglary, defective setting and so on. Among all these, around 40 percent of of the glass breaks occur due to unknown causes. This breakable nature of glass makes it not only advisable but necessary to get a Plate Glass insurance policy.
If there isn’t an insurance policy like this, the businessman or shopkeeper will have to take all the burden of the loss on himself OR will have to claim the amount from people who are responsible for the loss. And as many a times the reason for such a mishap is unknown , how can the sufferer make a claim? This is where the Plate Glass policy is useful.
Benefits of Plate Glass Policy
A policy like this has the following benefits:
- The policy covers the cost of accidental breakage of the insured plate glass. The clause includes a number of reason for breakage along with some exceptions.
- The policy also provides coverage for the damage or loss of embossed, lettered, embossed, sheet glass and so on.
Some Exclusions
The exclusions may differ from policy to policy. Some of the most common exclusions include:
- Damage or loss due to Act of God such as natural disasters.
- Damage or loss caused by war.
- Damage or loss caused due to the incomplete fixture of the glass and so on.
I have heard of people taking insurance policies on their hair and fingers, but never glass plates. Seems like glass plate insurance policy would be more useful… but who am I to judge?
I see so many glass plates in shops and business, and on movies - I always wonder how they manage to keep them without getting smashed up all the time! They all must have glass plate policies!