Fire Insurance
Comprehensive coverage for homes, businesses, and industrial properties to secure your valuable assets against fire damage.
Comprehensive fire insurance coverage for homes, businesses, and industrial properties.
Key Benefits
Comprehensive protection designed for your peace of mind.
Comprehensive Coverage
Protect your home, business, or property from fire and smoke damage. Our coverage extends to buildings, machinery, furniture, and goods.
Competitive Rates
Our insurance premium ranges from 0.13% to 3.5% of the insured property value, considering the property\'s nature, use, and environment.
No-Claim Bonus
Get a 25% bonus on your renewal premium after one year of claim-free coverage. Reward for your safe property management.
Product Features
Comprehensive coverage options tailored to your needs.
Eligibility
- Insurable Property can be insured by anyone who owns the property or is legally responsible for the safety of the property.
- 1. Building
- 2. Machinery
- 3. Furniture
- 4. Stock of Goods
Policy Term
- 1. Minimum policy term 10 days
- 2. Maximum policy term 1 year (renewable on a yearly basis)
Premium Rating
- It ranges from 0.17% to 3.5% 0.13% to 3.5% of the total insured value (asset value). The rate is determined based on the following factors.
- 1. Type of building
- 2. Building status
- 3. Building use
- 4. Position around the building
Basic Coverage
- 1. Accidental Fire
- 2. Lighting and Fire
- 3. Explosion caused by natural gas used for domestic purpose
Additional Coverage
Customer can also buy additional covers by paying additional premium separately.
- 1. Riot fire, Riot Strike damage including fire and malicious damage
- 2. Aircraft Damage
- 3. Impact Damage
- 4. Subsidence and landslide
- 5. Earth-quake fire, Fire and Shock damage caused by Earth-quake
- 6. Explosion
- 7. Spontaneous Combustion – Stocks Only
- 8. Various Storms (i.e. Typhoon, Hurricane, Tempest, etc.)
- 9. Flood and Inundation
- 10. Burglary (Depend on class of building)
- 11. War Risk
Frequently Asked Questions
Common questions about our fire insurance coverage.
What does fire insurance cover?
Our fire insurance covers damage from fire, lightning, and explosion. It protects buildings, machinery, furniture, and goods against direct fire damage, smoke damage, and water damage used to extinguish fires. The policy also covers the cost of removing debris from covered incidents.
How is the premium calculated?
Premiums are calculated based on the insured property value, ranging from 0.13% to 3.5%. Factors considered include the property's nature (residential, commercial, industrial), construction type, location, use, and fire protection measures installed on the premises.
What is the no-claim bonus?
We offer a 25% discount on your renewal premium if you maintain a claim-free record for one full policy year. This reward encourages safe property management and fire prevention practices.
What is the claims process?
Immediately after a loss, notify our claims department via phone or email. Our team will guide you through documenting the damage, arranging inspections, and processing your claim. For minor claims, settlements can be processed within 7-14 business days.
Can I extend my fire insurance policy?
Yes, we offer various extensions including loss of profit, public liability, workmens compensation, machinery breakdown, and electronic equipment coverage. These extensions can be added to customize your policy for specific business needs.
Are there any exclusions to the coverage?
Standard exclusions include war, nuclear incidents, intentional acts, gradual deterioration, and wear and tear. Certain high-risk activities may require special endorsements. We recommend reviewing your policy document for complete exclusion details.