FIRE INSURANCE

DIVISION OF INSURANCE SECTOR

Insurance

General insurance

Fire insurance

Marine insurance Mediclaim Motor

vehicle

Life insurance

INTRODUCTION TO FIRE INSURANE

Whose principle object is insured against loss or

damage occasioned by fire

The extent of insurer's liability being limited by the

sum assured and not necessarily by the extent of loss or damage sustained by

the insured

The insurer having no interest in the safety or destruction of

the insured property apart from the liability undertaken

under the contract.

Fire Insurance Contract is:

SCOPE OF FIRE INSURANCEFire Insurance Business: Fire Lightening, Explosion, Implosion Riots & Strikes Impact By Rail, Aircraft Damage Earth Quake Flood Storm Tempest, Tornado, Typhoon Cyclones & Land Slide

Lightning

Explosion

Flood

Cyclone

Earth Quake

Strike

ADD ON POLICY

Architects, Surveyors and Consulting

Engineers Fees (in excess of 3% of claim

amount)

Debris Removal (in excess of 1% of claim

amount) Deterioration of stock in

cold storage Forest Fire

Start up Expenses Terrorism damage Spontaneous Combustion

Omission to insure addition alterations and

extensions

ADD ON

Earthquake (Fire & Shock) Spoilage Material Damage Cover

Leakage And Contamination Cover

Temporary Removal of Stocks Loss of Rent Clause

Insurance of Additional Expenses of Rent for an

Alternative Accommodation

INSURABLE OBJECTS IN FIRE INSURANCE

BuildingGoods ( raw

materials, stocks in process, semi finished, finished etc ) in factories

Electrical installation in

buildings

Machinery, Plant and equipment

INSURABLE OBJECTS IN FIRE INSURANCE

Godowns, Goods in open

Contents in dwellings

Shops, Hotels Furniture, fixture

and fittings, pipelines located inside or outside the compound

PREMIUM RATING

The type of occupancy-

whether industrial or otherwise

Claim experience

Fire Protection System

Deductible Franchise

THANK YOU

AIMS Insurance Broking Pvt. Ltd.19/458, IInd Floor, Global PlazaPoothole P.O., Thrissur- 04Phone: 0487-2386364/2389703Email:-info@aimsinsurance.inWeb: www. aimsinsurance.in