Fire/Property Insurance

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This type of policy provides indemnity to the insured in the event of loss or damage to property arising as a direct result of fire, lightning or explosion etc.  Other extraneous perils such as social disturbances like strike and riot, natural disasters like storm damage, flood and earthquake are also covered.

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

  • Buildings, office furniture, fixtures and fittings
  • Loss of annual rent for alternative accommodation
  • Stock of raw materials and finished goods
  • Plants and machinery

The policy also contains other extensions that are granted at no extra cost to the policyholder.  The replacement cost of the items to be insured will have to be supplied to us for assessment to facilitate quotation of the premium payable.

You should specify the locations of items to be insured indicating whether they are private or corporate premises.