This type of policy will provide indemnity to the insured in the event of loss or damage to property covered under it as a direct result of fire out break, lightning or explosion. Other extraneous perils such as social disturbances like strike and riot, and natural disasters like storm damage, flood and earthquake can also be covered by an extension of the standard scope of the cover.

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

a) Buildings

b) Office Furniture, Electrical & Electronic Equipment

c) Plant and Machinery

d) Stock of Raw Materials and finished goods

e) Loss of Annual Rent for alternative accommodation.

The policy also contains various 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.