With our customized property plans, we provide business leaders and households with flexible solutions to cover their assets.
Types of Property Insurance:
- Fire and Allied Perils Insurance – FAP
This is the most basic form of Property Insurance, and it covers industrial, commercial, and individual interests against any unexpected loss or damage to the property from standard perils named in the policy (including fire and theft).
Additional services can be added/adjusted as required.
- Property All Risks Insurance – PAR
This is a wider coverage than the fire and allied perils as it includes all types of accidental losses not explicitly excluded in the policy.
- Business Interruption Insurance
This policy covers loss of gross profit sustained by the insured following a covered physical loss. It complements basic property insurance policies, including Fire and Allied Perils, Property All Risk, and Machinery Breakdown.