What does actual cost mean in Costs compelled by Municipal Regulations?

Upon Occurrence of an Insured peril, these are the costs incurred by insured (on actual basis) at the time of Reinstatement of property due to change in Municipal Regulations.

What does Impact damage of any kind means?

Impact damage of any kind means damage caused by impact, or collision caused by, any external physical object (e.g. vehicle, falling trees, aircraft, wall etc.).It is similar to the traditional accidental damage.

Whether Jungle Fire and Forest Fire are same?

Yes, both are same as per product wordings.

What is Reinstatement Value?

It is New Replacement Value where the idea is to put the insured in the same position as he was just before happening of the incident/claim.

For which property can I take ICICI Lombard Sookshma Udyam Suraksha policy?

ICICI Sookshma Udyam Suraksha can be taken for all properties except Individual dwellings and housing societies. Assets that cab covered under the policy are Building including plinth, Basement and additional structures, Plant & Machinery , Stocks – Raw Material, Finished goods and stocks in process, Other contents.