Are There Any Exclusions in a Package Policy I Should Know About?

Yes, there are several exclusions that you should know about regarding an SME package policy. Some of them are:

• Any loss or damage resulting from regular wear and tear, gradual deterioration, or hidden flaws that develop over time.
• In cases of underinsurance, if the actual value of the insured property at the time of a claim exceeds the sum insured, the payout will be adjusted proportionally to reflect the difference.