Along with the basic coverage against loss or damage occasioned by fire, the Standard Fire and Special Perils policy provides protec- tion from a host of other perils such as:

  • Lightning
  • Explosion
  • Aircraft and articles dropped from there
  • Impact damage due to rail/road or animal
  • Riot strike, malicious and terrorism damage
  • Subsidence and Land slide (including rock slide)
  • Natural disasters include storms, cyclones, typhoons, tempest, hurricanes, tornado, floods and inundation
  • Damage caused by sprinkler leakage, overflow, leakage of water tanks, pipes etc

Extra Covers

The policy may be extended to cover earth quake, additional expenditure involved in removal of debris, architect, consult- ing engineers' fees, forest fire, spontaneous combustion and impact damage due to own vehicles.


  • In case of a partial loss, they shall effect payment for repairs and replacement
  • In case of policy with reinstatement value clause, cost of reinstatement will be paid by Your insurance company on completion of reinstatement subject to overall limit of the sum insured


  • Premium rating depends on the type of occupancy i.e. industrial or otherwise
  • All property located in an industrial complex will be charged one rate depending on the product(s) being made on the premises
  • Facilities outside industrial complexes will be rated depending on the nature of occupancy at individual location
  • Storage areas will be rated based on the hazardous nature of goods stored
  • Additional premium is charged to include "Add On" covers
  • Discount in premium is given based on past claims history and fire protection facilities provided at the premises as well as long term contract
  • Policies can also be issued on declaration basis where the stock undergo wide fluctuation in value


Fire Policy proposal form giving all the details of the property proposed for insurance along with their values, the basis of valuation and the additional covers required should be provide