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Fire and Allied perils
Property insured usually consists of
immovable and movable property such as buildings, plant and
machinery, stocks, furniture, fixtures and fittings, and other
contents.
Cover is also available in respect of the costs of debris removal,
claims preparation, architect’s and consulting engineer’s
fees. Where property is rented to other parties, loss of rent
consequent to damage to the property can be covered under the
same policy.
The basic risks covered are that of fire, lightning and a
limited explosion cover. Additionally, natural perils such
as cyclone, flood, volcanic eruption, earthquake, tidal wave,
subsidence, landslip and heave can be covered. Other perils
usually insured under this policy are full explosion, impact
damage, fall of aircraft, bursting or overflowing of water
tanks, apparatus or pipes, sprinkler leakage and burglary
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