FIRE
Fire insurance is a contract of insurance against the loss/damage by accidental fire or other occurrences customarily included under a fire policy.
GUARANTEE
Primary Assurances
- Fire
- Lightning
- Explosion
- Airplane crash
- Smoke
Additional Assurances
Typhoons, hurricanes, floods, and water damages Riots, strikes, unpleasant acts
EXCLUSION
Excluded Risks
- Theft and/or loss during and after the event guaranteed by the insurance Policy.
- Deliberation of the Insured, representative of the Insured, or other parties at the instruction of the Insured.
- Intentions of other parties with the knowledge of the Insured.
- Deliberate mistakes or omissions by the Insured or the representative of the Insured.
- Fires of the forest, bush, reed, or peat.
- All kinds of explosives.
- Nuclear reaction.
- All forms of business disruptions.
- Personal/individual owner of the building and/or its contents.
- Building company and/or its contents.
- Banks or other financial institutions.
PAR (PROPERTY ALL-RISK)
PAR (Property All-Risk) covers all risks of physical loss, destruction or damage to the insured property which occurred during the policy’s period and is subject to certain terms, conditions and exclusions. This policy provides a wider coverage range than the Fire and Allied Perils insurance policy.
AVAILABLE EXTENSION
- Loss of profits business interruption
- Loss of rent
- Third party legal liability including the landlord's liability towards tenants and the tenants liability towards the landlords
- Strikes, riots & civil commotions
- Malicious damage
- Accidental damage to plate glass fixed to the building
- Expenses incurred on removing debris following the loss or damage of the insured property
- Fire brigade charges and extinguishing expenses
- Architects, surveyors, legal and consulting engineering fees
SUBJECTS
- Personal/individual owner of the building and/or its contents.
- Building company and/or its contents.
- Banks or other financial institutions.
