Fire Insurance
A traditional and a time-tested policy that offers cover against fire and allied perils and the perils of nature. This policy can cover buildings, fixtures and fittings, plant and machinery, stocks, furniture, fixtures and fittings and other contents including that of private dwelling and the contents in it.
Sum Insured: There is provision to cover property on reinstatement (other than stocks) and indemnity basis.
What it covers
The standard cover is a named-peril policy covering the following perils at an additional premium depending on the merits of the risk involved
- Fire and lightning
- Explosion (excluding explosion/ implosion of boilers, economizers or other vessels, machinery or apparatus in which steam is generated)
- Electrical extra
- Aircraft including damage caused by any article dropped there from (excluding pressure waves)
- Riot and strike
- C-yclone, storm, tempest, hurricane, typhoon, tornado, volcanic eruption, tidal waves and tsunami
- Earthquake
- Flood damage
- Impact damage caused by any vehicle or animal (other than own)
- Malicious damage
- Escape of water from tanks, pipes and apparatus
- Spontaneous combustion
- Terrorism
Major exclusions
- Political risks exclusions
- Radioactive exclusions
- Pollution/contamination exclusions
