Fire Insurance
Although fire can be described as man’s friend in that it is useful in many avenues both for households and industrial uses like heating, lighting, cooking, smelting, refining etc. However fire can also be a friend turned foe, causing not only loss of life but also property.
The basic cover provided under the policy is damage or destruction of the insured property by Fire, Lighting and explosion of gas used for illuminating/lighting or domestic purposes in a building in which gas is not generated, and which does not form part of gas work. Perils such as earthquake, riot and strike, malicious damage and others are also covered giving the Policy wide coverage.
Scope Of Cover
The basic cover under fire policy is damage or destruction of insured property by Fire, Lighting and explosion of gas used for illuminating/lighting or domestic purposes in a building in which gas is not generated, and which does not form part of gas work.
Fire and Perils Policy can be extended to cover;
Fire
Earthquake
Explosion
Bush fire
Riot and Strike
Malicious damage
Storm, Flood, cyclone, hail Aerial devices
Loss or damage by explosion of gas used for illuminating/lighting or domestic
Purposes in a building in which gas is not generated, and which does not form part of gas work is covered.
