Standard Fire and Special Perils Policy

Standard Fire & Special Perils Policy (SFSP)

  • Why this insurance:
    There is no asset, including assets in water that is not vulnerable to Fire damage. It is same the case with unbridled water.
  • What risks/perils are covered:
    Both Fire and Water along with 10 other perils are covered under this policy
  • What can be insured:
    All physical property comprising building, plant and machinery, equipment, furniture fixtures, fittings, stock, everything that has economic value to the Insured can be covered under this policy subject to terms and conditions
  • Goods owned, leased, rented, hypothecated, pledged, in custody, held in trust or on commission are also insurable
  • Who can insure:
    All property owners like dwelling house, office building, commercial building owners, manufacturers, infrastructure asset owners and managers, shop keepers, distributors, retailers, wholesalers etc. Banks, financiers, pledgees, bailees, trustees, tenants and such other interested parties in the property can also insure the property
  • Assets can be insured either new for old or on market value or otherwise