Standard Fire and Special Perils Insurance Policy

We recommend that your assets be insured on a replacement / reinstatement cost basis to get full protection following a loss.

The premium will depend on the type of occupancy, cover opted, claims experience, fire protection appliances and deductible opted under the policy

The policy is subject to a compulsory deductible and will depend upon the sum insured.

● Earthquake (fire and shock)
● Spontaneous combustion
● Deterioration of stocks in cold storage
● Impact damage due to own vehicles
● Omission to insure additions
● Fees of architect, surveyor & consulting engineer in excess of 3% of claim amount
● Debris removal in excess of 1% of claim amount
● Terrorism
● Appraisement Clause
● Breakage Of Fixed Glass And Outdoor Signs
● Civil Authorities Clause/Acts of Civil Authorities
● Immediate Repair Clause
● Sue And Labour Clause
● Brands & Trademarks Clause/ Brands & Labels Clause (also loss of damaged goods)
● On Account of Payment Clause
● 72 Hours Clause
● Electrical clause/ Electrical Installation/Electrical Injury/Electrical Breakdown Clause
● Automatic Extension Clause
● Obsolete Parts Clause
● Cost of clearing Drains Clause
● Broad Water Damage Clause