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Fire

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Fire Insurance is designed to cover wide range of properties including Buildings, Machineries, Stocks, Furniture, etc. on an Annual basis.
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The premium is determined by considering mainly the quality of construction of buildings, operational hazards, level of safety and protections.
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This Insurance is designed to cover your properties against loss or damage caused by specific perils, subject to exclusions mentioned in the Policy.
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The property to be insured may consist of the following physical assets:
- 1. Building
- 2. Furniture, fixtures and fittings
- 3. Plant and equipment
- 4. Office equipment
- 5. Stock in trade from raw materials to finished products.
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Fire and Allied Perils Policy covers various other risks in addition to the risk of Loss or Damage by Fire. The same are summarized below:
- (a) Natural calamities like Storm, Earthquakes, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood, Lightning and Ignition
- (b) Bursting and overflowing of Water tanks, Apparatus and Pipes.
- (c) Riots, Strikes and Malicious Damage
- (d) Aircraft and other Devices
- (e) Impact and Smoke Damage
- (f) Subsidence and Landslide including Rockslide
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The policies are extended to cover other risks such as damage caused by Explosion / Implosion, Electrical Appliances under the Alternative Electrical Clause, earthquake, shock & fire and also Burglary by forcible and violent entry or exit from the premises.
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The following extensions are also available under the Policy upon payment of extra premium:
- (a) Accidental damage to Plate Glass / Sign Board.
- (b) Loss by burglary or hold-up for cash in the premises or Cash in Safe.
- (c) Debris removal expenses
- (d) Loss of Rent.
- (e) Third Party Liability toward Neighbors and/or the Landlords
- (f) Business interruption