The Fire and Special Perils insurance cover [i.e Financial compensation] to the insured in the event of damage or destruction of the insured property as a result of:
Fire outbreak, lightning and explosion. Fire in this instance refers to such as may result from any source
In addition, the policy covers other risks usually referred to as special perils:
- Storm & tempest, flood, wind & hailstorm
- Earthquake, subterranean fire, land subsidence and tornado
- Aircraft and other aerial devices or articles dropped therefrom. Bursting or overflowing of water tanks, apparatus or pipes causing water damage to the property.
- Impact damage to the buildings by any road vehicle, horse or cattle [except those owned by the insured]
a) Buildings and Structures of every description.
b) Any form of machinery such as Generating Plants, etc.
c) Contents such as Office Furniture and Equipments
d) Other property owned and located on premises