Standard Fire and Special Perils

Standard Fire Home Insurance provides coverage against fire and some special perils.

This policy covers buildings (RCC construction).

Covers the following:

  • Fire Lightning
  • Explosion/Implosion Aircraft
  • Damage Riot, Strike and Malicious damage
  • Impact damage by any Rail/Road, vehicle or animal by direct contact(excluding damage by own vehicle) Subsidence and landslide including rockslide
  • Bursting and/or overflowing of Water Tanks, Apparatus and Pipes
  • Missile Testing operations
  • Leakage from Automatic Sprinkler Installations
  • Bush Fire Flood, Storm, Inundation etc.
  • Earthquake

Fixation of sum insured: Building - Cost of reconstruction excluding land value. Building value should be equal to present day cost of reconstruction, while contents should be insured for their market value.