This is the basic Property Insurance Policy designed to cover insured properties whilst at specified locations.
The standard perils covered under this policy are Fire, Lightning, Earthquake, Storm, Tempest, Flood, Bursting & Overflowing of Water Tanks and Apparatus, Impact Damage, Aircraft Damage, Riot & Strike, Malicious Damage and Explosion. Usually a pre-underwriting inspection is engaged before providing cover.
However, the Insurer may agree to issue a Fire & Allied peril insurance without the need for physical inspection if satisfied with the information provided to assess the risk.
For more details on Fire & Allied Peril Insurance, please e-mail : info@orientinsurance.lk