Fire and Allied Perils Insurance Fire Insurance provides coverage against losses due to fire and/or lightning. For a certain premium, the coverage may be extended to include protection against earthquake, typhoon and flood
Help protect your home, building, business premises, equipment, inventory, and other insured property against damages due to covered events like fire and lightning, explosions or earthquake, typhoon and flood damages.
Have the peace of mind knowing that your property is protected from unexpected events that could result in significant financial loss.
Fire and Allied Perils Insurance provides financial protection for your property and its contents against loss or damage caused by fire and other covered perils. Depending on the policy, coverage may include risks such as lightning, explosion, typhoon, flood, earthquake, and other specified events.
Earthquake Earthquake Fire: Covers loss or damage by earthquake fire and earthquake shock in consequence of the earthquake
Earthquake Shock: Covers damages resulting directly from an earthquake, including fire following the earthquake.
Typhoon: It covers completed buildings and contents of fully enclosed and roofed against wind and water damage caused by a typhoon. It excludes buildings under construction and goods/properties contained in any portion of any building not completely enclosed and roofed. Loss or damage to the interior or contents is covered only if the building itself is externally damaged.
Flood: It covers loss or damage caused by an extraordinary high tide, following a typhoon, cyclone or windstorm or due to the bursting or overflowing of rivers, reservoirs and canals. It does not cover floods caused by overflowing, bursting or leakage of water tanks, pipes and other water apparatus.
Explosion: Covers loss or damage caused by explosion, excluding loss or damage to boilers, economisers, pipes, turbines, engines or other vessels, machinery or apparatus in which pressure is used or their contents, resulting from their explosion, and rotating parts of machinery, including the machinery itself.
Falling Aircraft/Vehicle Impact: Covers loss or damage caused by aircraft or by vehicles to include direct loss resulting from actual physical contact of an aircraft or a vehicle with the insured property. Loss or damage caused by aircraft includes loss by falling objects. The term vehicle here means vehicles running on land or tracks but not aircraft.
Smoke: Covers smoke due to a sudden, unusual and faulty operation of any heating or cooking unit, only when such unit is connected to a chimney by a smoke pipe or by a vent.
Riot and Strike: Covers loss or damage to the property insured directly caused by the act of any person taking part together with others in any disturbance of the public peace (whether in connection with a strike or lock-out or not). It also includes the action of any lawfully constituted authority in suppressing, preventing or attempting to suppress or prevent any such act.
Malicious Damage: Covers loss or damage to the property insured directly caused by the malicious acts of any person (whether or not such act is committed in the course of a disturbance of the public peace). It does not cover any loss or damage by fire or explosion, burglary, housebreaking, theft or larceny or any attempt thereat or caused by any person taking part therein.
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