Property & Fire Insurance
This type of insurance covering on loss of or damage to the property or interest insured which happen suddenly and unforseen. The damage on property may caused perils insured such as fire, lightning, explosions, impact of falling aicraft, earthquake, volcanic eruption, flood, windstorm, theft and burglary, riot, strike, sabotage and terrorism as long as those perils are not excluded under policy.
Insurance policy that related to property insurance commonly used in market practise:
- Fire and Allied Perils Insurance. The coverage also can be extended against loss of profit, RSMDCC and others.
- Industrial/Property All Risk Insurance
- Earthquake Insurance
- Terrorism and Sabotage Insurance
