Fire and Allied Perils covering loss of damage to the property insured caused by the named perils such as Fire, Lightning, Burglary, Explosion/Implosion, Aircraft Damage, Impact Damage, Storm, Tempest, Flood, Inundation, Riot, Strike and Civil Commotion
Allied lines are a type of insurance that is commonly bought with a standard fire insurance policy. Allied lines insurance covers demolition charges, accounts receivable, data processing equipment, malicious damage, water damage, increased cost of construction, vandalism, and certain other risks. You can use it to protect your home or business premises.
Choose Fire and Allied Perils as an extension of your Home or Commercial Property insurance.
This policy provides Indemnity against loss or material damage to properties occasioned by fire. The actual risk of a fire occurring varies considerably from company to company depending on various factors such as:
- The construction materials used in the building
- The type of raw materials employed and the nature of stock (where applicable)
- The availability of the firefighting appliances.
- Industrial management relations.
The rate of premium, which is charged, is in direct proportion to the risk in question and the subject of fire insurance is to reinstate or replace property damaged or destroyed; or to compensate the insured for such a loss. This ensured that the organization is placed in the same financial position after a loss as he occupied immediately before it.
As professional Insurance Brokers, we ensure that you obtain the best available cover at the most competitive premium. This policy can be arranged in dual currency and all the related special perils, and their extensions would be granted.