In usual circumstances the major part of a
commercial company's assets are vested in their
buildings, machinery, stocks and the like. Therefore
it is imperative that adequate insurance be effected
on such assets to protect against the possibility of
physical damage to the property in question. The
standard coverage in the Fire Insurance covers Fire,
Lightning and Explosion of gas used for domestic
purposes. Extraneous perils can be arranged as
follows:
Extraneous Peril
•
Aircraft Damage
•
Earthquake and volcanic
eruption
•
Storm Tempest
•
Flood
•
Explosion
•
Aircraft and other aerial
devices and/ or articles dropped therefrom
•
Impact Damage (Own & Third
Party Vehicles)
•
Bursting or overflowing of
water tanks, apparatus or pipes
•
Electrical Installations
•
Riot Strike and Malicious
Damage
•
Damage by Falling Trees or
Branches and Objects Therefrom
