The policy covers fire and lightning on the property insured.
The cover may be extended to include the following:
♦ Fire, lightning, explosion and implosion
♦ Aircraft damage, riot, strike, malicious damage and terrorism
♦ Storm, tempest, flood and inundation
♦ Impact damage, subsidence
♦ Bursting and/or overflowing of water tanks, apparatus and pipes
♦ Missile testing, leakage from automatic sprinkler installations and bush fire
♦ Riot & Strike (arson)
♦ Malicious Damage
♦ Architects, quantity surveyors and other fees
♦ Rent Receivable/Payable Clause
♦ Removal of Debris
♦ The fire cover will be issued on Depreciated Value (Indemnity Value) or on Reinstatement Value.
♦ The premium is charged based on factors like construction of the building, trade and so on. Extension of cover calls for additional premium.
♦ Specified for all other claims except claims preparations.
♦ Business Interruption- Time Excess (minimum 72 hours).