Fire And Engineering
Fire and Engineering Fire and Engineering

Fire insurance policy is suitable for the owner of property, one who holds property in trust or in commission; individuals/ financial institutions who have financial interest in the property. 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 can be insured.

Coverages
  • Fire
  • Lightning
  • Explosion/Implosion
  • Storm, tempest, flood, inundation group of perils (STFI)
  • Subsidence and Landslide including Rock slide
  • Impact damage by vehicles/animals/aircraft
  • Riots, strikes, malicious acts, terrorism
  • Missile testing operations
  • Whilst in transit by road rail inland-waterway lift elevator or air
  • Bursting of pipes/water tanks, sprinkler leakage and bush fires
  • Aircraft Damage
  • Bush Fire
  • Architects, Surveyors and Consulting Engineers' Fees upto 3%of the claim amount
  • Removal of debris to clear the site upto 1 % of the claim amount
Add on covers

In addition to the perils/ expenses covered, the proposer can opt to seek cover.

  • Earthquake (fire and shock)
  • Terrorism
  • Spontaneous combustion
  • Deterioration of stocks in cold storage
  • Subsidence and Landslide including Rock slide
  • 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
  • Loss of Rent
  • Insurance of additional expenses of rent for alternative accommodation
  • Forest Fire
Exclusions Applicable
  • Willful acts or gross negligence
  • Destruction/damage by own fermentation, natural heating or spontaneous combustion, by order of any public authority
  • Explosion/Implosion damage to boilers, damage caused by centrifugal forces
  • Forest fire
  • War and nuclear group of perils
  • Unspecified precious stones, cheques, currency, documents, etc. unless specifically declared
  • Omission to insure additions
  • Consequential losses
  • Theft during/after operation of peril, Burglary, Housebreaking, larceny in any malicious act
  • Total or partial cessation of work/retarding/interruption of any process or operations arising out of Riot, Strike, Malicious Damage
  • Loss of Rent
  • Impact damage by rail/road vehicle or animal belonging to the insured or employee or any occupier of the premises
  • Normal cracking, settlement, bedding down, upheaval of land/structures, coastal or river erosion, defective design, workmanship or use of defective materials
  • Destruction or damage caused by Forest Fire
  • Loss or damage by pollution or contamination except due to insured perils
  • Loss or damage to electrical machine/apparatus which is the source of fire
  • Terrorism
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