Any loss or damage to material and property causes hardship in terms of capital loss and other consequential losses. The aftermath of fires in particular may be drastic, and monetary relief is essential to rebuilding damaged property and returning business to its normal course.
The Fire insurance Policy covers 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 against loss or damage by:
> Explosion/ implosion
> Aircraft and articles dropped there from
> Impact damage due to rail/ road or animal
> Strike, Riot and Civil Commotion malicious damage
> Malicious damage
> Subsidence and land slide
> Storm, cyclone, flood and inundation
> Sprinkler leakage
> Overflow, leakage of water tanks, pipes etc.
> Theft or Attempted Theft (by violence to persons or threat thereof or by violent and forcible entry to or exit from the premises)