Fire Insurance is coverage against loss by fire and/or lightning. It may include coverage against loss by windstorm or earthquake and other allied risks, when such risks are covered by extension to fire insurance policies or under separate policies.
- Earthquake Fire – Covers the insured against direct loss or damage by fire occasioned by an earthquake
- Earthquake Shock – Coverage against loss or damage by shock in consequence of an earthquake
Coverage is normally given for completed buildings and contents of fully enclosed and roofed structures. Hence, buildings in the course of construction and goods stored in the open are usually excluded from the coverage. Loss or damage to the contents or interior of a building is covered only if the building itself is externally damaged.
Coverage against loss or damage caused by extraordinary rising of water following typhoon, cyclone and/or windstorm. This excludes flood caused by overflowing, bursting or leakage of water apparatus and lack of proper drainage.