it covers loss or damage to the property caused by fire, lighting and explosion (domestic). additional perils such as explosion (extended cover), earthquake, aircraft, strike, riot and civil commotion, smoke, bursting of pipes, impact, sprinkler leakage, flood, storm and malicious damage can be include at appropriate premiums.
FIRE BUSINESS INTERRUPTION / CONSEQUENTIAL LOSS
the fire material damage only provides indemnity to the insured in respect of loss of or damage to the tangible assets. any loss from a fire or major nature catastrophe such as earthquake, storm or flood could bring about serious disruption to the business activities of the insured in terms of loss or production, sales and consequently the earnings. it pays for the residual net profit and fixed charges resulting from interruption of business following loss or damage by fire and the insures perils.
HOUSEOWNERS
this policy covers the residential property, including its fixtures and fitting, garages, walls, gates and fences, against loss or damage by fire, lighting and explosion caused by gas used for domestic purposes, theft with violent / forcible entry or exit, liability to third parties for accidents for accidents in the property, etc.
HOUSEHOLDER
this policy covers the household goods against loss or damage due to fire, lighting and explosion caused by gas used for domestic purposes, theft by violent / forcible entry or exit, liability to third parties, etc.
