Fire/Extraneous Perils Policy
This policy provides indemnity to the insured in the event of loss or damage to property covered under it as a direct result of fire outbreak, lightning or explosion.
Other types of extraneous perils such as social disturbances like strikes and riots, natural disasters like storm damage; flooding and drought etc. can also be covered by an extension of the standard coverage scope.
The items covered by this policy are:
- Buildings
- Contents of a building e.g. furniture, electronics, etc.
- Plant and machinery
- Stock of raw materials and finished goods
- Loss of annual rent for alternative accommodation