FIRE/EXTRANEOUS PERILS POLICY

This type of policy indemnifies the insured in the event of loss or damage to properties covered under it as a direct result of fire outbreak, lightning or explosion.

 

Other extraneous perils such as social disturbances like strikes, riots, and natural disasters like storm damage. Flood and earthquake can also be covered by an extension of the standard scope of cover.

 

The items to be insured are usually made up of the following:

 

• Building (This is necessary only if you own the building or compelled by tenancy agreement to take up insurance).

   

• Improvement to building including office partitioning.(This is necessary if you do not own the building but improvedon it to suit your purpose).

   

• Office Furniture, Electrical and Electronic Equipment

   

• Plants and Machinery

   

• Loss of Annual Rent for alternative accommodation.