The Material Damage or Property Damage section of a policy relates to the physical damage to property that is insured.

Claims under Industrial Special Risks (ISR) Policies for material damage may consist of:

• professional fees
  
• temporary protection and safety of property
  
• removal of debris
  
• personal effects of directors and staff
  
• fire extinguishment costs
  
• building
  
• plant, equipment and all other contents
  
• and stock
  
• and many other additional benefits and extensions of cover
  

It is important to note the cover available, sub limits of liability and alternate covers available.

Differences between the Mark IV and Mark V ISR wordings and variations of these standard policies should always be considered.

In our claims experience many clients turn adversity into opportunity. In the event of a major loss, most elect to replace their property to a different design, layout, configuration or specification. This may require some contribution from the Insured but often results in an improved business. These claims require a different approach and consideration under the policy and its limits.