Standard Fire & Special Perils Policy

STANDARD FIRE & SPECIAL PERILS POLICY

Policy Coverage:
This Policy may cover various assets such as Building, Plant & Machinery, Stock, and Furniture, Fixtures against loss or damage due to:

Fire, Lightning, Explosion / Implosion.
Aircraft Damage,
Riot, Strike & Malicious Damage.
Storm, Cyclone, Tempest, Hurricane, Tornado, Flood and
Inundation.
Impact Damage, Subsidence and Landslide including Rockslide.
Bursting and/or overflowing of Water Tanks, Apparatus and Pipes.
Missile testing operations.
Leakage from Automatic Sprinkler Installations and Bush Fire.

Add-on Coverage:

The Add-on covers offered are as follows:

Fees for Architects, Surveyors and Consulting Engineers are beyond 3% of the claim amount.

Expenses for removal of Debris beyond 1% of claim amount.

Deterioration of Stocks in Cold Storage premises due to power failure change in temperature arising out of loss or damage to the cold storage machinery (ies) due to operation of insured peril.

Forest Fire.

Impact Damage due to Insureds own Rail/Road Vehicles, Forklifts, Cranes, Stackers and the like and articles dropped there from
Spontaneous Combustion.

Omission to insure additions, alterations or extensions.

Earthquake damage caused by Fire and Shock.

Temporary removal of stocks is covered to any other premises for the purpose of production or processing or finishing or similar purposes.

Loss of Rent and / or additional expenses of rent for alternative accommodation.

Start Up Expenses

Spoilage Material Damage Cover

Leakage And Contamination Cover

Temporary Removal of Stocks Clause

Specific Exclusion:

Loss, destruction or damage caused by war, invasion, act of foreign enemy hostilities or war like operations (whether war be declared or not), civil war, mutiny, civil commotion assuming the proportions of or amounting to a popular rising, military rising, rebellion, revolution, insurrection or military or usurped power.