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).