APA Insurance Chief Operating Officer Suresh Kumar says that the company has already deputed loss adjustors to the site to take stock of the damage.
Kumar says that they are waiting for the formalities to be completed for them to process the claim.
He says that their reinsurers have also been informed of the loss.
“Policies are available for covering the material damage that includes damage of furniture, building and contents and also for loss of profits and increased cost of working,” he revealed.
He said that insurance is also available for all resources including terrorism related losses.
On Wednesday, a major fire broke out at the JKIA international departures terminal causing the airport to be shut down indefinitely.
All flights out of the airport were grounded and incoming planes diverted to other airports to enable fire-fighters battle the inferno.
However domestic and cargo flights were expected to resume on Wednesday evening.