Coverage Includes 

• Fire

• Lightning

• Explosion/Implosion

• Aircraft Damage

• Riot, Strike, Malicious Damage

• Storm, Typhoon, Hurricane, Tornado, Flood and Inundation

• Impact damage

• Subsidence and landslide including Rock slide

• Bursting and overflowing of water tanks, apparatus and Pipes

• Missile testing operations

• Leakage from Automatic Sprinkler Installation

• Bush Fire

 

Under fire insurance, the following persons have insurable interest in the subject matter:-

• Owner

• Mortgagee

• Pawnee

• Pawn broker

• Official receiver or assignee in insolvency proceedings

• Warehouse keeper in the goods of customer

• A person in lawful possession e.g. common carrier, wharfinger, commission agent.

 

The types of losses covered by fire insurance are:-

• Goods spoiled or property damaged by water used to extinguish the fire.

• Pulling down of adjacent premises by the fire brigade in order to prevent the progress of flame.

• Breakage of goods in the process of their removal from the building where fire is raging e.g. damage caused by throwing furniture out of window.

• Wages paid to persons employed for extinguishing fire.