Property Insurance

The policy covers loss, destruction or damage to property insured arising out of fire, lightning and named perils.

Property Policies are issued on an "All Risk" basis or on a named peril basis.

All Risk

This type of policy indemnifies insured for loss of and/or damage to insured property/interests as a result of accidental external cause except those excluded in the policy.

Named Peril

Coverage for specific perils spelled out in the policy. This type of policy indemnifies insured for physical loss of and/or damage to insured property/interest as a result of:

  • Fire and Lightning

Optional Coverages:

  • Typhoon
  • Earthquake
  • Extended Coverage (Perils of Standard Explosion, Aircraft Damage, Vehicle Impact Damage and Smoke Damage)
  • Vandalism & Malicious mischief
  • Riot & Strike
  • Tidal Wave, food, Highwater & Overflow (against rising of navigable waters)

Business Interruption

Covers loss of gross profits or revenue, increased cost of working following business interruption as a result of a loss or destruction of insured property under a Property Insurance policy.