Comprehensive Fire Insurance Policy Coverage and Exclusions by Beacon Insurance Brokers Pvt Ltd

(I) Coverages as per Standard Fire and Special Perils Policy-

1. Fire
2. Lightning
3. Explosion/ Implosion
4. Aircraft Damage
5. Riot, Strike, Malicious and Terrorism Damage
6. Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
7. Impact Damage
8. Subsidence and landslide including Rock Slide
9. Bursting and/ or overflowing of Water Tanks, Apparatus and Pipes
10. Missile Testing Operations
11. Leakage from Automatic Sprinkler Installations
12. Bush Fire

(II) Policy does not cover (Exclusions)-

1. a) The First 5% of each and every claim subject to a minimum of Rs. 10,000 & Maximum of Rs. 25,000 in respect of each and every loss arising out of Act of God Perils such as Lightning, STFI, Subsidence, Landslide and Rock slide covered under the Policy.

b) The First Rs. 10,000 for each and every loss arising out of other perils in respect of which the insured is indemnified by this policy.

2. Loss, destruction or damage caused by war, invasion, act of foreign enemy hostilities of war like operations.
3. Loss, destruction or damage directly or indirectly cause to the property insured by ionizing radiations or contamination by radioactivity from any nuclear fuel, the radio active toxic, explosives or other hazardous properties of any explosive nuclear assembly or nuclear component.
4. Loss, destruction or damage caused to the insured property by pollution or contamination.
5. Expenses necessarily incurred on (i) Architects, Surveyors and Consulting Engineer’s Fees and (ii) Debris Removal by the insured following a loss, destruction or damage to the property insured by an insured peril in excess of 3% and 1% of the claim amount respectively.
6. Loss of earnings, loss by delay, loss of market or other consequential or indirect loss or damage of any kind or description whatsoever.
7. Loss by theft during or after the occurrence of any insured peril except as provided under Riot, Strike, Malicious and Terrorism Damage cover.
8. Any loss of damage occasioned by or through or in consequence directly or indirectly due to earthquake, volcanic eruption or other convulsions of nature.
9. Loss or damage to property insured if removed to any building or place other than in which it is herein stated to be insured, except machinery and equipment temporarily removed for repairs, cleaning, renovation or other similar purposes for a period not exceeding 60 days.

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