Service Details
The Fire & Special Perils Insurance policy provides a vital safety net against unexpected losses or damages caused by fire and other specific hazards. It covers a broad spectrum of perils including fire, lightning, explosion, storm, flood, impact damage, and more. The policy protects a wide range of assets such as buildings, plant and machinery, stock in trade, furniture, and fixtures. Its benefits go beyond financial compensation—it offers stability and peace of mind, helping policyholders recover swiftly and resume normal operations after a calamity.
Frequently Asked Question
A: This policy typically covers fire, lightning, explosion, storm, flood, riot, strike, malicious damage, impact by vehicles or aircraft, and other listed perils. The coverage may vary slightly depending on the insurer and policy terms.
A: This insurance is suitable for property owners, business operators, manufacturers, and traders who wish to protect their physical assets—such as buildings, machinery, or inventory—from accidental loss or damage.
A: Yes. Many insurers offer optional extensions to cover risks like earthquake, terrorism, or spontaneous combustion, allowing policyholders to customize the plan based on their risk exposure and operational needs.
Service Included
- Fire Damage Coverage
- Natural Perils Protection
- Impact and Explosion Damage
- Stock and Machinery Insurance