This policy provides the coverage against loss or damage caused by Accidental Fire and Lightning. On payment of additional premium Property Insurance Policy can be extended to cover the loss or damage caused by other allied perils of fire e.g. Earthquake, Riot & Strike, Malicious Damage, Terrorism, Explosion, Storm & Flood, Landslide & Subsidence, Aircraft & Aerial Damage, Impact Damage by Vehicles & Animals etc.
The properties that can be insured under this insurance are Office & Residential Building, Factory Building, Plant & Machinery and contents, various equipment’s, stocks etc.