• The policy covers loss or damage to property caused by fire, lightning and explosion. However, the policy can be extended to cover earthquake, bush fire, spontaneous combustion, riot and strike, impact by vehicles, floods, storm, malicious damage and other related perils. This insurance covers assets like buildings, furniture, fixtures and fitting and office equipment, plant and machinery, and stock insurance. They risk may involve commercial buildings, industries, goods in trade etc.
  The policy excludes;
  

  1. Loss or damage of property due to nuclear perils.
  2. Electrical/mechanical breakdown.
  3. Pollution or contamination.
  4. War and warlike operations.
  5. Damage to stocks in the cold storage caused by change temperature.
  6. Terrorism act, Burglary and house breaking.