Types of Fire Insurance We Offer
- Fire & Allied Perils Insurance
- Industrial All Risks Insurance
- Power Plant Insurance
Fire Insurance
Fire can have catastrophic consequences, damaging homes, offices, factories, and more. With Mercantile Islami Insurance PLC, you can safeguard your valuable properties and recover from unexpected incidents with the right fire insurance coverage.
Standard Fire Insurance Policy
The primary objective of this policy is to protect against financial losses from fire or related perils. Coverage includes:
- Buildings or parts of buildings
- Plant and machinery
- Furniture, fixtures, and fittings
- Goods and merchandise
- Stocks of various types
Direct Risks Covered
The standard policy covers accidental fire, lightning, and explosions (limited to domestic boilers or gas). Specifically:
- Fire: Including fires from explosions or other causes
- Lightning: Whether fire results or not
- Explosion: Limited to domestic boilers or gas usage
Additional Risks (with extra premium)
Extend your policy to include coverage for:
- Riot and strike damage (RSD)
- Commercial explosion damage
- Malicious damage
- Aircraft damage
- Impact damage
- Bursting of pipes
- Tsunami
- Electrical claims (Type B)
- Earthquake
- Cyclone
- Flood
- Landslide / Hill slide / Landslip
Note: Policies cannot exceed one year duration.
Frequently Asked Questions (FAQ)
Fire Insurance generally covers damages caused by fire, lightning, and explosions
(domestic boilers or gas). Policies can also be extended to cover natural disasters
and man-made incidents with an additional premium.
Yes, by paying an extra premium you can include risks like earthquake, cyclone, flood,
landslide, and tsunami in your fire insurance policy.
Fire insurance policies are usually issued for a maximum duration of one year.
After that, the policy needs to be renewed.
Any individual, business owner, or organization with property, stock, or machinery at risk
of fire damage can purchase a fire insurance policy.