FIRE INSURANCE
FIRE INSURANCE
DIVISION OF INSURANCE SECTOR
Insurance
General insurance
Fire insurance
Marine insurance Mediclaim Motor
vehicle
Life insurance
INTRODUCTION TO FIRE INSURANE
Whose principle object is insured against loss or
damage occasioned by fire
The extent of insurer's liability being limited by the
sum assured and not necessarily by the extent of loss or damage sustained by
the insured
The insurer having no interest in the safety or destruction of
the insured property apart from the liability undertaken
under the contract.
Fire Insurance Contract is:
SCOPE OF FIRE INSURANCEFire Insurance Business: Fire Lightening, Explosion, Implosion Riots & Strikes Impact By Rail, Aircraft Damage Earth Quake Flood Storm Tempest, Tornado, Typhoon Cyclones & Land Slide
Lightning
Explosion
Flood
Cyclone
Earth Quake
Strike
ADD ON POLICY
Architects, Surveyors and Consulting
Engineers Fees (in excess of 3% of claim
amount)
Debris Removal (in excess of 1% of claim
amount) Deterioration of stock in
cold storage Forest Fire
Start up Expenses Terrorism damage Spontaneous Combustion
Omission to insure addition alterations and
extensions
ADD ON
Earthquake (Fire & Shock) Spoilage Material Damage Cover
Leakage And Contamination Cover
Temporary Removal of Stocks Loss of Rent Clause
Insurance of Additional Expenses of Rent for an
Alternative Accommodation
INSURABLE OBJECTS IN FIRE INSURANCE
BuildingGoods ( raw
materials, stocks in process, semi finished, finished etc ) in factories
Electrical installation in
buildings
Machinery, Plant and equipment
INSURABLE OBJECTS IN FIRE INSURANCE
Godowns, Goods in open
Contents in dwellings
Shops, Hotels Furniture, fixture
and fittings, pipelines located inside or outside the compound
PREMIUM RATING
The type of occupancy-
whether industrial or otherwise
Claim experience
Fire Protection System
Deductible Franchise
THANK YOU
AIMS Insurance Broking Pvt. Ltd.19/458, IInd Floor, Global PlazaPoothole P.O., Thrissur- 04Phone: 0487-2386364/2389703Email:[email protected]: www. aimsinsurance.in