MATERIAL DAMAGE – FIRE & ALLIED PERILS – ( coverages ) As part of the Event Cancellation & Postponement Insurance Policy you can take Material Damage by paying additional premium Fire & Allied Perils – MATERIAL DAMAGE TO PROPS, SETS, STAGE, SEATS, EQUIPMENT, STUDIOS, COSTUME / WARDROBE ETC ( coverage from setup to dismantling ) Material Damage is a separate policy to be taken which covers your Event Equipment from Fire & Allied Perils from your setup of the event till dismantling. Very Important You will have to give a breakup of your material expenses with Sum Insured for each  Infrastructure – (Stage, Barricades, Trussing) Decoration & Branding Sound Lights Led Walls Furniture Gen Sets Mobile Toilets etc FIRE & ALLIED PERILS – MATERIAL DAMAGE TO PROPS, SETS, STAGE, SEATS, EQUIPMENT, STUDIOS, COSTUME / WARDROBE ETC ( coverage from setup to dismantling ) The Company shall indemnify the Insured against direct physical loss/ damage caused to sets, costumes, theatrical props, wardrobe, related equipment and other assets (collectively, “the property”) belonging to the Insured (or leased, rented, or hired by the Insured and for which Insured is responsible) whilst such property is stored, fixed, installed or in use at the venue […]
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