Standard Fire and Special Perils Insurance Policy

  •  About Policy 
  •    Scope of Cover 
  •    Additional Covers 
  •    Exclusions 
  •    Rating 

About Policy

Fire insurance policy is suitable for you if you own a property or someone who holds property in trust or in commission; or you are an individual or a financial institution that has financial interest in the property. All immovable and movable property located at a particular premises such as buildings, plant and machinery, furniture, fixtures, fittings and other contents, stocks and stock in process along with goods held in trust or in commission including stocks at supplier's/ customer's premises, machinery temporarily removed from the premises for repairs can be insured.

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Scope of Cover


  • Fire
  • Lightning
  • Explosion/implosion
  • Aircraft damage
  • Riot, strike, malicious damage
  • Storm, typhoon, hurricane, tornado, flood and inundation
  • Impact damage
  • Subsidence and landslide including rock slide
  • Bursting and overflowing of water tanks, apparatus and Pipes
  • Missile testing operations
  • Leakage from automatic sprinkler installation

Additional Covers


  • Earthquake (Fire & Shock)
  • Spontaneous combustion
  • Deterioration of stocks in cold storage premises due to accidental power failure consequent to damage at the premises of power station due to an insured peril
  • Aircraft damage
  • Deterioration of stocks in cold storage premises due to change in temperature arising out of loss or damage to the cold storage machinery (ies) in the insured's premises due to operation of an insured peril
  • Forest fire
  • Impact damage due to insured's own rail/road vehicles, forklifts, cranes, stackers and the like and articles dropped from the
  • Omission to insure additions, alterations or extensions clause
  • Removal of debris (in excess of 1% of claim amount)
  • Architect, surveyor & consulting engineer's fees in excess of 3 % of claim amount
  • Spontaneous combustion
  • Spoilage material damage cover
  • Leakage and contamination cover
  • Temporary removal of stocks
  • Loss of rent
  • Rent for an alternate accommodation



  • Fire due to own fermentation, natural heating or spontaneous combustion of the stocks or by their undergoing any heating or drying process
  • Burning by order of any public authority
  • Explosion of boilers or steam generating vessels & machinery subject to centrifugal force by its own explosion or implosion
  • Pressure waves generated by aircraft
  • Total or partial cessation of work/retarding/interruption of any process or operations arising out of riot, strike, malicious damage
  • Burglary, house breaking, theft, larceny arising out of riot, strike, malicious damage
  • Impact damages by rail/road vehicle/animal belonging to the insured or employee or any occupier of the premises
  • Normal cracking, settlement, bedding down, up heaving of land/structures, coastal or river erosion, defective design, workmanship or use of defective materials
  • Destruction or damage caused by forest fire
  • Excess amount
  • Loss or damage caused by war or war like situations
  • Loss or damage by pollution or contamination except due to insured peril
  • Loss or damage to electrical machine/apparatus, which is the source of fire
  • Architects, surveyors & consulting engineer's fees exceeding 3% and debris removal expenses
  • Any consequential losses


Rating depends on

  • The type of occupancy-whether industrial or otherwise
  • Claim experience
  • Fire protection system
  • Deductible

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