A standard Fire Policy provides indemnity for loss or damage to insured property resulting from the following perils:

• Fire
• Lightning
• Explosion of Boilers and Gas used for domestic purposes only.

The standard Fire Policy can be extended to include the following perils upon payment of additional premium:

• Impact Damage by Aircraft/Aerial Devices
• Bursting or Overflowing of Water Tanks, Apparatus or Pipes
• Explosion (not limited to explosion of gas used for domestic purposes)
• Riot & Strike, Malicious Damage
• Storm, Flood, Hurricane, Cyclone, Typhoon, Windstorm
• Impact by any Road Vehicles
• Earthquake, Subterranean Fire, Volcanic Eruption

How much to insure for?

• Indemnity Basis
  Sum to be insured should represent the actual value of the property at risk at the time of the insured loss or damage. Depreciation should therefore be taken into account in arriving at the sum to be insured.
  
  
• Reinstatement Value Basis (New for Old)
  Sum to be insured must represent the cost of reinstating or replacing with property of the same kind or type but not superior to or more superior or extensive than the insured property at time and place of loss when new.
  

Main exclusions

• War, warlike perils and terrorism
  
• Radioactivity and nuclear risks
• Wear & tear, depreciation, insects, moths, vermin, the action of lights, climatic or atmospheric conditions, scratching of glass or any process of cleaning, dyeing, repairing, restoring or renovation
• Loss or damage caused by delay, confiscation or detention by Customs or other Officials or Authorities
• Any shortage arising from errors or omissions or revealed only at the time of stocktaking or making of an inventory, and not identifiable with a specific occurrence insured.
• Loss or damage by mechanical or electrical breakdown, but loss or damage resulting therefrom is not excluded
• Consequential Loss of any nature
• Pressure waves caused by aircraft and aerial devices travelling at supersonic or sonic speeds
• Damage caused by the insured's property own fermentation, natural heating or spontaneous combustion
  

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	Consequential Loss A consequential loss in placed will ensure that your loss in earnings arising from interruption to the business caused by fire, lightning, explosion and other related perils is well protected.