Fire & Burglary Insurance

Our tailor made insurance covers are global in nature, with competitive terms provided by rated insurance companies in the region.

What is Fire & Burglary Insurance?

Any loss or damage to material and property causes hardship in terms of capital loss and other consequential losses. The aftermath of fire in particular may be drastic, and monetary relief is essential to rebuild damaged property and returning business to its normal course.

The Fire & Burglary 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.

What is covered?

1

Fire

2

Lightning

3

Explosion / Implosion

4

Aircraft and articles dropped there from

5

Impact damage due to rail/ road or animal

6

Strike, Riot and Civil Commotion

7

Malicious damage

8

Earthquake

9

Subsidence and land slide

10

Storm, cyclone, flood and inundation

11

Sprinkler leakage

12

Overflow, leakage of water tanks, pipes etc.

13

Theft or Attempted Theft

(by violence to persons or threat thereof or by violent and forcible entry to or exit from the premises)

What is not covered?

1

Normal wear and tear

2

Electrical or mechanical breakdown

3

Motor vehicle, water craft or aircraft

4

Animals, growing crops or standing timber

5

Property whilst in transit

6

Loss resulting from unexplained circumstances

7

Mysterious disappearance

8

War, sabotage and terrorism

9

Accidental breakage

10

Property being worked upon

11

Property in course of constructions / erection

Period of Insurance

The coverage is provided for a period of 12 months.

Basis of Sum Insured

The sum insured may be either on the basis of the actual value or the new replacement value of the property but should be adequate to cover the total exposure.

The sum insured is very important and needs to be given careful consideration to avoid applying the Average Clause (i.e. application of under-insurance) in the event of a claim.

Deductible

There is a deductible for each and every loss under the policy terms and conditions.

Premium rates are based on:

  • Type of occupancy
  • Physical features of the risk
  • Values at risk
  • Nature of risk
  • Location
  • Type of industry
  • Management and housekeeping
  • Selected cover and benefits
  • Loss record/ past claims if any

Important Information

Please note that for the easy understanding of the insurance policy, we have highlighted the important aspects. We will be glad to receive your queries and discuss the full set of policy terms, conditions and exclusions.

For more information, please contact ( Premier Insurance Broker ) at +971 2 658 8880. 

Claim Settlement

In case of a partial loss, payment for repairs and replacement is made. In case of a policy with reinstatement value clause, the cost of reinstatement will be paid upon completion of reinstatement subject to the overall limit of the sum insured. The insurance company may at its own discretion, repair or replace the affected property instead of paying for the cost of restoration.

You must alert us of any accident that may lead to a claim covered under the policy, and our team of experts will assist you in the quick settlement of the claim.

 Call us as soon as possible, in case of an accident, and our team of experts will guide you through the claim process. For more information, please contact ( Premier Insurance Broker ) at +971 2 658 8880. 

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