Fire and Allied Perils Fire

Fire and Allied Perils Fire

What is fire?

Fire is a chemical reaction, often between different chemical compounds or elements, each which has stored energy. You must have the right kind of mixture in order for a fire to happen. For example, for a fire to occur these items have to come together: heat; fuel; and oxygen. Remove any of them and the fire will not happen.

Scope of Cover

The fire policy is being issued to the Properties, small business and the standard fire policy covers the loss of Fire, Lightning and can be extended at additional premium to cover the other losses of Explosion excluding destruction or damage caused to the boiler (other than domestic boilers) by its own explosion / implosion, and implosion, Riot & Strike Damage, Burglary, Malicious damage, Atmospheric Disturbance, Impact Damage, Air Craft Damage Subsidence, Landslide / Rockslide, bursting of pipe and overflowing of water or tanks, missile testing operations, storm, tempest, flood and inundation, apparatus and pies, leakage from automatic sprinkler installations and bush Etc.

Consequential Loss due to Fire

Consequential Loss due to Fire

As the name suggests, this policy covers the consequences of a fire incident. Issued in conjunction with the Fire policy, Loss of Profit policy compensates for the Gross Profit, Standing Charges affected due to fire or any other peril covered in the fire policy.

Home Insurance Policy

Home Insurance Policy

The Home Insurance Policy provides protection to the most precious asset one could own – Home. A minor unforeseen incident can be devastating for the owner and can shatter the most cherished dream to live in one’s own house. Besides Fire & Allied Perils, this policy protects an insured’s interest by offering coverage for building, contents, jewelry and cash extending to cover loss of rent, legal liability to public and domestic servants.

Shop Insurance Policy

Shop Insurance Policy

This policy covers all the requirements of a shop owner. Apart from the risks associated with the building and contents, this wide scope coverage policy also provides personal accident cover to the owner/employee/director, loss of rent and cash in safe.

Comprehensive Machinery Insurance (CMI)

Comprehensive Machinery Insurance (CMI)

In this era of specialization, we offer a specially designed policy, CMI, for machinery extensive risks. This all risk cover offers Operational Material Damage and Operational Business Interruption together. Loss or damage to plant and machinery including building, goods in process and stocks is covered in this policy. The section of business interruption indemnifies the insured for loss of gross profit and specified standing charges as a result of loss or damage indemnifiable under the material damage cover.

Hotel Owner All Risks

Hotel Owner All Risks

Accommodating numerous guests, employing hundreds of people, using furniture, fittings and machinery ranging from simple kitchen appliances to generators to run the whole set up, hotels are exposed to several risks simultaneously. Hotel Owner’s Policy is a comprehensive cover that fully caters the needs of Hotel Owner divided into 8 sections covering fire and supplemental Perils Insurance, Business interruption following Fire and Supplemental Perils, Comprehensive Plate Glass Insurance, Boiler and Machinery Breakdown Insurance, Business Interruption following Machinery Breakdown, Comprehensive General Liability, Comprehensive 3D Bond Insurance and Workmen’s Compensation Insurance.

Terrorism Cover

Terrorism Cover

This world of ours portrays a totally different picture after the incident of 9/11. The events unfolding after this horrific accident resulted in scarcity of Terrorism Cover. We at Saudi Pak offer this unique cover for our customers with a maximum limit of liability of Rs. 25,000,000.