Major Classes of Insurance
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Fire & Special Perils Insurance

A fire insurance policy in its standard form covers only three types of risk resulting from:
SPECIAL PERILS
On the payment of an additional premium, the following perils are coverable under the fire policy: Storm, Flood, Burst Pipes and overflowing of water tanks, impact by vehicles, malicious damage, Earthquake damage, Aircraft damage, Bush Fire, Explosion, Tornado and Cyclone, Riot and Strike.
This may be required by individuals and corporate organizations who may want this cover for their buildings or the contents in their buildings. However, for you to take up this type of cover, you must have insurable interest in the subject matter of insurance either as an owner or a tenant who will suffer a loss if such a building or its content is damaged due to fire or other risks that are covered by fire policy.
The underwriters will put the following underwriting factors into considerations when rating for Fire Insurance: