Property Insurance: Fire and Additional Perils
This policy provides indemnity for material damage to the insured property resulting from various perils such as fire and lightning, explosion/implosion, impact damage, aircraft damage, bursting / overflowing of water tanks/pipes/ apparatus, sprinkler leakage, storm, cyclone, typhoon, hurricane, tempest, tornado, flood, inundation, riots, strikes, malicious damage and earthquake, burglary/theft following upon actual forcible and violent entry or exit from the insured premises.
- The property is mainly occupied as offices. Hence this cover is provided to protect the client against Fire mainly but will extend to cover / natural catastrophes & theft up to a certain limit.
- This will cover the insured against Fire and named perils such as flood / natural catastrophes, this type is more controllable when underwriting a risk.