Standard Fire Policy Covers loss and/or damage by fire and/or Lightning. Explosion in Boiler, economizer is also covered for buildings of domestic use.
FIRE AND ALLIED PERILS
The perils covered under the policy are Fire, Lightning, Earthquake, Storm, Tempest, Flood, Bursting & Overflowing of Water Tanks and Apparatus, Impact Damage, Aircraft Damage, Riot & Strike damage, Malicious Damage and Explosion.
INDUSTRIAL ALL RISKS
Industrial All Risks Insurance is a wider cover than Traditional “Standard Fire and Allied Peril Insurance Policy”. It is an all risks policy covering a wider range of perils such as Fire and Allied Perils, Burglary, Accidental Damage, Explosion, Breakdown of Machinery (MBD) as well as Business Interruption (BI), etc. Risks for MBD & BI are an extension of the IAR Policy.Go To Purchase