·       Fire & Allied Perils Insurance:
·       Industrial All Risks Insurance
·       Power Plant Insurance

 

 

Standard Fire Insurance Policy

Description of Fire Insurance Business:

Fire Insurance: All policies are issued under the heading of Fire Insurance. It primarily aims at providing protection against financial losses arising out of the operation of fire or certain other specified perils. The subject matter of insurance is usually:

• Building
• Plant & Machinery
• Furniture, Fixtures, and fittings
• Goods and Merchandise
• Stocks of all kinds

Direct risks covered under standard fire insurance policy:

Accidental fire, lightning & Explosion (Boilers or gas used for domestic purposes only). The perils covered by the policy in its normal terms are:

Fire: Whether resulting from explosion or otherwise.

Lightning: Whether fire results or not.

Explosion: Boiler used or gas used for domestic purposes only.

Additional risks covered on payment of additional premium:

·       Riot and strike damage (RSD)

·       Explosion damage (including commercial purposes)

·       Malicious damage.

·       Earthquake

·       Cyclone

·       Flood.