FIRE AND SPECIAL PERILS INSURANCE

This form of insurance provides protection for assets against the incidence of fire, explosion, and lightning. The insurance in most cases is arranged to include such extraneous/ special perils as; wind-storm, tempests, explosion, tornados, floods, impact with aerial objects, contact with animals/ cattle, bushfires, earthquakes, subsidence, malicious damage, riot strikes civil commotion, water leakage, burst pipe, and the like. In the main, rates for fire and special perils insurance are dependent on such factors as; construction of the building, occupation, location, storage of flammables, and the like.

This insurance policy typically covers: 

1. Buildings and structures
2. Contents (e.g., furniture, equipment, inventory)
3. Machinery and equipment
4. Stock and goods

Key benefits of Fire and Special Perils Insurance:

1. Financial protection against unexpected losses
2. Business continuity and risk management
3. Compliance with legal and regulatory requirements
4. Access to expertise and claims handling
5. Customizable policies to fit specific needs

Fire and Special Perils Insurance is essential for:

1. Building owners and occupiers
2. Businesses and industries
3. Homeowners and renters
4. Property developers and investors
5. Anyone with valuable assets exposed to fire and 
special perils risks