Commercial Insurance

Key benefits - Cover your property against fire

Basic Fire  - Key Benefits - Bharti Axa General Insurance

This is a basic fire insurance plans which indemnifies you against damage to your property caused by fire, lightning or explosion only.

You can decide to extend your insurance to cover other perils:

  • Aircraft damage
  • Riot, strike, malicious damage
  • Storm, typhoon, hurricane, tornado, flood and inundation
  • Impact damage
  • Subsidence and landslide, including rockslide
  • Bursting and overflowing of water tanks, apparatus and pipes
  • Missile-testing operations
  • Leakage from automatic sprinkler installation
  • Bush fire

What are the other related insurances available for my business?

The Standard Fire and Special Perils Policy can be availed with following variations to suit business requirements:

  • Floater Policy: This policy can be issued for Stocks at various locations
  • Declaration Policy: To take care of frequent fluctuations in stocks/ stock values, declaration policy can be availed subject to certain norms.
  • Floater Declaration Policy: This policy has the features of both floater and the declaration policies.

Main exclusions of the Standard Fire Product

The general exclusions are broadly classified as:

  • Fire due to own fermentation, natural heating or spontaneous combustion of stocks
  • Burning by order of any public authority
  • Explosion of boilers or steam generating vessels and 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, housebreaking, theft, larceny in any malicious act
  • Impact damage by rail/road vehicle or animal belonging to the insured or employee or any occupier of the premises
  • Normal cracking, settlement, bedding down, upheaval of land/structures, coastal or river erosion, defective design, workmanship or use of defective materials
  • Destruction or damage caused by forest fire
  • Excess amount mentioned in the schedule/policy i.e. the minimum amount of claim to be borne by the client
  • Loss or damage caused by war or warlike 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' and consulting engineers' fees exceeding 3% and debris removal expenses exceeding 1% of claim amount
  • Any consequential losses

This is not an exhaustive list.

For further details and quotation, talk to us today at 080 - 49123900 or visit one of branches

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