* Willful acts or gross negligence.
* Destruction/Damage by own fermentation, natural heating or spontaneous combustion
* Explosion/Implosion damage to boilers, damage caused by centrifugal forces
* Forest fire
* War and nuclear group of perils
* Unspecified precious stones, cheques, currency, documents, etc. unless specifically declared
* Consequential losses, if not opted
* Theft during/after operation of peril
* Terrorism
* Loss or damage due to willful misconduct
* Cessation of work, whether total or partial, and delay
* Damage due to faulty design
* Rectification of defective material and/or workmanship, inventory losses, etc.
* Deductible as stipulated in the tariff.