Fire Insurance
Essential protection for your physical assets against fire, lightning, and additional perils.
Overview
Fire insurance provides financial protection against damage or loss to your property caused by fire, lightning, or domestic explosion. It can be extended to cover a wide range of additional perils to ensure comprehensive asset protection.
1Who needs this?
What it covers
- Fire and Lightning
- Domestic Explosion
- Burglary and Housebreaking (Add-on)
- Plate Glass Damage (Add-on)
- Flood and Storm (Add-on)
- Impact Damage (Add-on)
- Bursting or Overflowing of Water Tanks (Add-on)
- Riot, Strike and Malicious Damage (Add-on)
What is NOT covered
- Theft during or after a fire
- War and nuclear risks
- Intentional acts of destruction
- Consequential loss (unless specifically insured)
Important Note: Coverage details, limits, and exclusions may vary depending on the specific policy terms, the insurer selected, and individual risk profiles. Always refer to the actual policy document for full terms and conditions.
Electrical Short Circuit
"A short circuit in a warehouse's electrical room caused a fire that damaged a significant portion of the stored inventory. The Fire Insurance policy covered the replacement cost of the damaged goods and the repairs to the building structure."
Frequently Asked Questions
Is fire insurance mandatory in Malaysia?
What are 'Additional Perils'?
Does it cover my business stocks?
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