Fire Insurance...

Fire can have catastrophic consequences, leaving homes, offices, factories, shops, and buildings in ruins and causing unimaginable damage to properties. Without proper insurance coverage, the road to recovery can be emotionally and financially overwhelming. Fortunately, in today's ever-changing world, you have the option to safeguard your home and properties through fire insurance coverage. With Mercantile Islami Insurance PLC, you can find the assurance you need to protect yourself from unforeseen incidents and restore your property to its previous condition. Don't leave your valuable assets vulnerable—secure them with the right fire insurance coverage from Mercantile Islami Insurance PLC.

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  • Fire & Allied Perils Insurance

  • Industrial All Risks Insurance

  • Power Plant Insurance

Standard Fire Insurance Policy

Fire Insurance: This category includes all policies categorized as Fire Insurance. Its main objective is to offer protection against financial losses resulting from fire or other specified perils. The typical subjects covered by this insurance are:

  • Buildings or parts of buildings
  • Plant and machinery
  • Furniture, fixtures, and fittings
  • Goods and merchandise
  • Stocks of various types

Direct risks covered under standard fire insurance policy:

The standard fire insurance policy covers accidental fire, lightning, and explosion (limited to boilers or gas used for domestic purposes only). The perils covered by the policy under its normal terms include:

  • Fire: This coverage applies to fires resulting from explosion or any other cause.
  • Lightning: The policy provides coverage for damages caused by lightning, regardless of whether a fire results.
  • Explosion: Coverage is limited to explosions caused by boilers or gas used exclusively for domestic purposes.

Additional risks covered on payment of additional premium:

The policy also provides coverage for the following risks under its normal terms:

  • Riot and strike damage (RSD)
  • Explosion damage (including commercial purposes)
  • Malicious damage
  • Aircraft damage
  • Impact damage
  • Bursting of pipes
  • Tsunami
  • Electrical claims (Type B)
  • Earthquake
  • Cyclone
  • Flood
  • Landslide/Hill slide/Landslip

Please note that policies cannot be issued for a duration longer than one year.