ABOUT THIS PRODUCT

Storage tanks such as palm oil and fuel oil hold your company’s commodities. Give it and its contents the protection it needs against unexpected losses or damages.

The policy provides coverages against:

Section I – Material Damage

This section of insurance covers the business owner against loss of or damage to storage tanks due to accidental damage to the tanks caused by bursting, splitting, rupture, collapse or similar fortuitous events caused not hereinafter excluded by the policy.

Section II – Loss of Contents

This section of insurance covers the Insured against loss of contents of the specific tanks following the loss or damage which are indemnifiable under Section I – Material Damage.

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