Fire & Allied Perils Policy

Fire and Allied Perils policies are primarily for commercial risks but may be applicable for some household properties; for example, where the building is under construction. Here is a list of perils insured against:

• Fire & Lightning
• Hurricane, Cyclone, Tornado or Windstorm
• Flood
• Earthquake & Volcanic Eruption
• Riot & Strike
• Malicious Damage
• Explosion
• Impact from Aircraft & other Aerial Devices
• Impact by Road Vehicles, Horses or Cattle
• Bursting or Overflowing of Water Tanks, Apparatus or Pipes In the following cases part of the insurance claim (as indicated) will be absorbed by the Insured. This amount is the “excess' or 'deductible”
• Hurricane, Cyclone, Tornado, Windstorm, Earthquake, Volcanic Eruption and Fire or Flood (including overflow of the sea) caused by these natural disasters = 2% of the Sum Insured
• All other losses except Fire or Lightning = 1% of Claim: Minimum - $10,000 and Maximum - $250,000

Major Exclusions*:

• Burglary
• Theft
• Housebreaking
• Larceny
• Consequential Losses

      *  (List not exhaustive)