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

♦ Landslide/rockslide

♦ Bursting and/or overflowing of water tanks, apparatus and pipes

♦ Missile testing, leakage from automatic sprinkler installations and bush fire

♦ Earthquake

♦ Riot & Strike (arson)

♦ Malicious Damage

♦ Architects, quantity surveyors and other fees

♦ Rent Receivable/Payable Clause

♦ Removal of Debris

Benefits:

Sum Insured:
♦ The fire cover will be issued on Depreciated Value (Indemnity Value) or on Reinstatement Value.

Premium:

♦ The premium is charged based on factors like construction of the building, trade and so on. Extension of cover calls for additional premium.

Deductibles:

♦ Specified for all other claims except claims preparations.

♦ Business Interruption- Time Excess (minimum 72 hours).