What is Fire and Perils Insurance?
The basic fire policy provides indemnity against loss or damage to property caused by fire, lightning and explosion. However, the policy can also be extended to cover riots, strike, malicious damage, storm, earthquake, impact by vehicles, aircraft and other aerial devices, subterranean fire, spontaneous combustion, explosion of industrial boilers and economizers, flooding, water damage due to bursting or overflowing of water tanks, apparatus and pipes.This insurance covers assets such as buildings, plant and machinery, stock, fixtures, fittings and office equipment. Special perils covered by our policy:
A. Hail, snow, wind, hurricane, cyclone, tornado or typhoon
B. Rain
C. Flood
D. Overflowing of guttering and down pipes-water damage
E. Bursting or overflowing of water tanks, apparatus or pipes
Read further to find out more about the perils we cover.
Step 1: Request quotation
Step 2: Fill proposal form
Step 3: Premium payment
Step 4: Provide national ID for individuals and RDB certificate for corporate
Step 5: Sign contract
Special perils covered by our policy:
F. Aircraft and other aerial devices and/or articles dropped there
G. Impact with any of the building insured under this policy, including neighbor liabilities
H. Subterranean fire, including earthquake and volcanic eruption
Below are the exclusions on the cover:
- War and related risks exclusion
- Political risks exclusion
- Terrorism exclusion
- Excluding bushfire
- Excluding riots & strike
- Electronic data recognition exclusion
- Nuclear or related risks/radioactive contamination