Fire and Special Perils Insurance

Covers losses due to specific risks or perils such as fire, theft, and natural disasters.

Fire and Special Perils

Fire and Special Perils

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Fire and Special Perils

Fire and special perils insurance policy covers losses due to specific risks or perils such as fire, theft, and natural disasters. It provides coverage for damage to property, stock, and other contents. The policy can also include business interruption coverage.

However, it is essential to note that the policy has exclusions, limitations, and deductibles that vary by insurer and policy terms.

Fire and Special Perils

Benefits of Fire and Special Perils Insurance

  • Provides financial protection against losses caused by specific risks or perils, such as fire, theft, and natural disasters.
  • Covers damage to property, stock, and other contents, as well as loss of income due to interruption of business operations.
  • Can include additional coverage options, such as business interruption insurance.
  • Helps businesses and property owners recover from unexpected losses and avoid potential financial ruin.
  • Offers peace of mind and security, allowing business owners and property owners to focus on their daily operations without worrying about potential risks and losses.
  • Provides customized coverage options to meet specific needs and requirements.
  • Can help mitigate risks and reduce the likelihood of property damage or loss.

A ‘fire’ as covered under a Fire Policy, is said to have occurred when the following conditions are satisfied:

  • There is actual ignition of the property.
  • There must be something on fire which ought not to have been on fire.
  • The fire must have occurred under accidental circumstances, so far as the insured is concerned.

Once a ‘fire’ as meant by the policy has occurred, certain other types of losses automatically come within the scope of the Fire Policy:

  • Damage during or immediately following a fire caused by smoke, scorching, or falling walls.
  • Damage caused by the fire brigades in the discharge of their duties.
  • Damage to property incurred by exposure to weather caused as a result of the removal of property from a burning building in an effort to mitigate the loss.
Fire and Special Perils

Exclusions and Extensions of Fire and Special Perils Insurance

Some of the above exclusions can be covered by payment of additional premiums. These are;

  • Riot and Strike
  • Explosion

Subject to special conditions given in the company’s endorsements fire & allied perils cover can be extended to include loss of or damage to the property insured by fire or otherwise directly caused by an explosion, but excluding loss and damage to boilers, economizers, or other vessels, machinery or apparatus in which pressure is used or their contents resulting from their explosion.

  • Special Perils:

Subject to the special conditions contained in the company’s endorsements, loss or damage due to the following causes can also be obtained: hail, snow, wind, hurricane, cyclone, tornado, typhoon, rain, flood, overflowing of gutters, bursting of water tanks, subterranean fire.

  • Spontaneous Combustion

Damage or destruction by fire only to the interest of the insured caused by its own spontaneous fermentation, heating or combustion can be given as an extension to the policy.

  • Bush Fire

The policy can be extended to cover the loss or damage to the property occasioned by or through or in consequence of the burning of forests, bush, prairies, pampas or jungle and the clearing of lands by fire (except where such clearing is done by or on behalf of the insured).

  • Earthquake fire and shock

The standard Fire Insurance Policy does not cover:

  • Loss or damage to property occasioned by its own fermentation, natural heating or spontaneous combustion or by its undergoing any heating or drying process.
  • Loss by theft during or after the occurrence of a fire.
  • Loss or damage occasioned by or through or in consequence of:
    • The burning of property by order of any public authority
    • Subterranean Fire
    • Loss or damage to any electrical machinery, apparatus, fixtures and fittings (includes electrical fans, electrical household or domestic appliances, etc) or to any of the electrical installations, arising from or occasioned by overrunning, excessive pressure, short-circuiting, self-heating, arching, or leakage of electricity from whatever cause (lightning included).
    • Unless or otherwise expressly stated in the policy loss or damage to:
    • Goods held in trust or on commission
    • Bullion or unset precious stones
    • Manuscripts, plans, drawings or designs, patterns, models or moulds.
    • Securities, obligations, or documents of any kind, stamps, coined or paper money, cheques books of account or other business books.
    • Explosives.:
      • Any loss or damage occasioned by or through or in consequence of the explosion, except loss or damage by an explosion of gas used for illuminating or domestic purposes in a building in which gas is not generated and does not form part of any gas works, will be deemed to be loss by fire within the meaning of the policy.
      • Any loss or damage occasioned by or through or in consequence of the burning, whether accidental or otherwise, of forests, bush, prairie, pampas or jungle, and the clearing of land by fire.
      • Building insured becoming unoccupied and remaining so for a period of more than 30 days.

How to Apply

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Mon-Fri 08.00am-6.00pm;
Sat 9.00am-5.00pm.

Visit us at our Office

Visit us at Eco Bank Towers, 10th Flr, Opp. 680 hotel.

Fire and Special Perils

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Head Office

Eco Bank Towers, 10th Flr,
Opp. 680 Hotel
Address:
103683-00101, Nairobi – Kenya.
Tel: 0794 589 905