Petrol Station Package Policy

Feeding your vehicle with fuel is a mundane task for most of us. We typically don’t ponder much about the consequences of what can go wrong while refilling our vehicle’s fuel tank. We instinctively to go to the same petrol pump regularly that is located near our home, and that’s when we’re accustomed to the neighborhood and stay pretty casual. When you’re at the petrol station, the rule of thumb is you must be extremely cautious and avoid doing any activity that can set the place on fire.

Here are some of the important tips to keep you and your car safe at a petrol pump:

1. Don’t ever smoke, use a lighter or light a match

2. Don’t use your mobile phone

3. Safety first

4. Be aware of the potential of theft

5. Be careful when handling petrol

6. Petrol pump owners in India make a profit of 3,50,000 a month, on an average. But, most of the people have sleepless nights every day because of the possible risks involved, including crime. On an average, criminals target one petrol pump in every six hours in India, according to Ajay Bansal, chief of the AIPDA (All India Petroleum Dealers’ Association), emphasizing that handling cash by dealers is a huge risk. Everyone has become opposed to cash as it’s a big headache. This has made petrol pump owners buy Petrol Station Package Policy.

7.  The Petrol Station Package Policy is meant for petrol pumps, CNG (Compressed Natural Gas) stations, and other properties within the petrol station. This can be a sophisticated policy since this exclusively insurance is referred to in several different ways, including Forecourt Insurance, fuel Station Cover, Garage Forecourt Insurance, Petroleum Retail & Convenience Insurance, and Filling Station Insurance.

What are the primary benefits of this policy?

Specific Guarantees

Service and petrol bunks/ stations are the establishments at which an array of incidents can occur including fire, smoke, rain, the collision of vehicles, sound waves, acts of vandalism, and legal strikes. The Petrol Station Package Policy incles exclusive guarantees, including breaking fuel tanks and liquid spills and civil liability guarantee for tunnel washers, damage due to vehicles using the station or caused by testers.

Also, it includes specific guarantees devised to protect this type of facilities against such incidents. It covers:

1. Storage tanks (under and above the ground)

2. Contamination of the environment

3. Contamination of fuel

4. Loss of income post the event insured

5. Theft of fuel

6. Damage to buildings post the theft

7. Malicious damage to the property

8. Forecourt heedlessness

9. Food poisoning

 Optional Guarantees

With some insurers, you can insure against material destruction caused by broken windows, mirrors, water, burglary & theft, and civil liability. Certain other forms of risks, including electrical damage to computers, deterioration of goods stored in godowns, transport of goods, and esthetic repair, and more.