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Standard Fire and Special Perils Policy
Salient Feature
Any one who gains by the preservation of the property and loses by its destruction i.e. a person having insurable interest can take out such insurance.
i) Individuals e.g. House owner, Shop owner, Warehouse owner etc.
ii) Body Corporate e.g. Manufactures, Trading, Industry etc.
iii) Boilers, Lessee etc.
Scope of Cover
The policy provides protection against damages/fortuities triggered by the following perils:
i) Fire - Excluding destruction or damage caused to the property insured by
a. its own fermentation, natural heating or spontaneous combustion.
b. its undergoing any heating or drying process.
ii) Lightning
iii) Explosion/Implosion
iv) Excluding destruction or damage caused to the boilers (other than domestic boilers), by its own explosion/implosion
v) Aircraft Damage
vi) Destruction or damage caused by Aircraft, other aerial or space devices and articles dropped there from excluding those caused by pressure waves
vii) Riot, Strike, Malicious and Terrorism Damage
viii) Loss of or visible physical damage or destruction by external violent means directly caused to the property insured
ix) Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
x) Impact Damage
xi) Impact by any Rail/Road vehicle or animal by direct contact
xii) Subsidence and Landslide including Rock slide
xii) Bursting and/or overflowing of Water tanks, Apparatus and Pipes
xiii) Missile Testing operations
xiv) Leakage from Automatic Sprinkler Installations
xv) Bush Fire
Excluding destruction or damage caused by Forest Fire.
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 Top Providers |
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ICICI Prudential Life |
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SBI Life Insurance |
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Life Insurance Corp. |
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Bajaj Allianz Insurance |
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United India Insurance |
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