Fire Insurance
Fire insurance policy is suitable for the owner of property, one who holds property in trust or in commission; individuals/ financial institutions who have financial interest in the property. All immovable and movable property located at a particular premises such as buildings, plant and machinery, furniture, fixtures, fittings and other contents, stocks and stock in process along with goods held in trust or in commission including stocks at suppliers/ customer's premises, machinery temporarily removed from the premises for repairs can be insured.
Coverages
* Fire
* Lightning
* Explosion/Implosion
* Storm, tempest, flood, inundation group of perils (STFI)
* Subsidence and Landslide including Rock slide
* Impact damage by vehicles/animals/aircraft
* Riots, strikes, malicious acts, terrorism
* Missile testing operations
* Whilst in transit by road rail inland-waterway lift elevator or air
* Bursting of pipes/water tanks, sprinkler leakage and bush fires
* Aircraft Damage
* Bush Fire
* Architects, Surveyors and Consulting Engineers' Fees upto 3%of the claim amount
* Removal of debris to clear the site upto 1 % of the claim amount
Add on covers
In addition to the perils/ expenses covered, the proposer can opt to seek cover.
* Earthquake (fire and shock)
* Terrorism
* Spontaneous combustion
* Deterioration of stocks in cold storage
* Subsidence and Landslide including Rock slide
* Impact damage due to own vehicles
* Omission to insure additions
* Fees of architect, surveyor & consulting engineer in excess of 3% of claim amount
* Debris removal in excess of 1% of claim amount
* Terrorism
* Loss of Rent
* Insurance of additional expenses of rent for alternative accommodation
* Forest Fire
Business Insurance :- Nobody wants it buy everybody needs it.
