This policy provides coverage against sudden and unforeseen physical losses or damages to storage tanks such as palm oil tanks or fuel oil tanks which are susceptible to many forms of accident or extraneous damage which include impact damage, bursting, splitting, rupture and collapse. The policy can also cover the loss of contents in the tanks.

This policy covers two aspects:

• Physical loss or damage to your storage tanks due to any accidental extraneous causes unless specifically excluded under the policy
• Physical loss of the contents of any storage tank following indemnifiable loss or damage to the tank