Fire and Special Perils

This insurance covers your property against physical loss of or damage caused by fire and, or lightning, explosion, aircraft damage, bursting and overflowing of water pipes, earthquake, windstorm, volcanic eruption, hurricane, cyclone, typhoon including full flood, malicious damage, riot and strike, smoke, vehicle impact damage and other insured perils.

This insurance is also known as Property All Risks

What can be covered?

  1. Contents and renovations
  2. Fire, burglary and flood
  3. Fixtures and fittings
  4. Office equipment
  5. Plate glass
  6. Stocks in trade

Burglary cover can be extended in this insurance policy either on 1st Loss Basis or Full Sum assured. Fire cover can be arranged as a standalone policy to cater for specific requirements such as Tenancy Agreement.

Key underwriting points

Underwriting this risk will depend on how well are your client’s fire and theft preventive measures. Underwriter will also look at the structure of the building and the surrounding premises operating businesses.