FIRE POLICY
Standard Fire Policy Covers loss and/or damage by fire
and/or Lightning. Explosion in Boiler, economizer is also covered for buildings
of domestic use.
FIRE AND ALLIED
PERILS
The perils covered under the policy are Fire, Lightning,
Earthquake, Storm, Tempest, Flood, Bursting & Overflowing of Water Tanks
and Apparatus, Impact Damage, Aircraft Damage, Riot & Strike damage,
Malicious Damage and Explosion.
INDUSTRIAL ALL RISKS
Industrial All Risks Insurance is a wider cover than
Traditional “Standard Fire and Allied Peril Insurance Policy”. It is an all
risks policy covering a wider range of perils such as Fire and Allied Perils,
Burglary, Accidental Damage, Explosion, Breakdown of Machinery (MBD) as well as
Business Interruption (BI), etc. Risks for MBD & BI are an extension of the
IAR Policy.