Fire Insurance

This policy makes goods the financial loss incurred due to fire and/or its allied perils to the property of the insured. It is Material Damage Policy. Some of the coverage is as under;

Covers

• Fire
• Lightning
• Explosion/Implosion
• Aircraft Damage
• Riot, Strike and Malicious Damage
• Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
• Impact Damage owned by insured
• Subsidence,Landlside & Rockslide
• Bursting/Overflowing Water Tanks & Pipes
• Missile Testing Operations
• Leakage from Automatic Sprinkler
• Installations
• Bush Fire

Some of the exclusion under the Standard Fire Policy which is as under;

I. Fire

• Excludes burning of property insured by order of any Public authority
• Excludes its own fermentation, natural heating or spontaneous combustion

II. Explosion/Implosion

• Excludes those apparatus or boilers damaged by centrifugal forces

III. Aircraft Damage

• Loss or destruction caused by pressure waves

IV. RSMD

• Total or partial cessation of work
• Permanent or temporary dispossession of work or the building there in resulting from an order from the Government or any lawful constituted authority
• Burglary, housebreaking, theft , larceny or any omission of any kind of anyperson

V. STFI

• Excludes those resulting from earthquake,volcanic eruptions or other convulsions of nature.

VI. Impact Damage

• Excludes those resulting from earthquake,volcanic eruptions or other convulsions of nature.
• Belongs to an employee during the course of their employment