Fire & Allied Perils
AWNIC fire insurance policy covers all immovable and movable property.
Any loss or damage to material and property causes in terms of loss of capital and other consequential losses The aftermath of fire is drastic and monetary relief is essential to rebuild and restore the property and bring back the business to its normal course It is here that fire insurance plays its role in safeguarding the financial interests of entrepreneurs:
Al Wathba’s Fire insurance Policy covers all immovable and movable property located at a particular premises such as buildings, plant and machinery, furniture, fixtures, fittings and other contents, stocks and stock in process along with goods held in trust or in commission including stocks at suppliers/ customer’s premises, machinery temporarily removed from the premises for repairs against loss or damage by fire, and a host of other perils listed below & many more.
- Aircraft and articles dropped there from
- Impact damage due to rail/road or animal
- Riot, strike, malicious damage
- Subsidence and land slide
- Storm, cyclone, flood and inundation,
- Sprinkler leakage,
- Overflow, leakage of water tanks, pipes etc.
In case of a partial loss, payment for repairs and replacement is made. In case of policy with reinstatement value clause, cost of reinstatement will be paid on completion of reinstatement subject to overall limit of the sum insured. Insurance company may at its option, also repair or replace the affected property instead of paying for the cost of restoration.
Premium rating is based on the type of occupancy, physical features, values at risk, requirement of additional covers and a completed proposal form.
There are a number of exceptions and exclusions, which are part of the policy terms and conditions.
Our Technical Staff are ready to assist for further details on policy conditions. Quotations will be provided on submission of a duly completed proposal form. For further details please call or ask for a call back.
Quotations will be provided on submission of a duly completed proposal form. For further details please call or ask for a call back via the call back option.