Standard Fire and Special Perils Policy

Ideal Advantage –

  • Lowest Premiums
  • Best Product
  • Renewals from any Company
  • Quick Claim Settlement
  • 24 Hr Service Helpline
  • Timely Renewals

The Policy Covers

The policy covers buildings (including those under construction), Plant, Machinery and Equipment including Hospital & Office Equipment, Instruments, tools and accessories of various kinds, Electrical installations, Furniture, Fixtures and Fittings, Stocks of all kinds pertaining to industry and trade, Books, Periodicals and Stationery, Household Articles.

The policy is convenient and easy to understand, with easy documentation and hassle free claims service

  • Fire,
  • Lightning,
  • Explosion/Implosion,
  • Storm, Tempest, Flood, Inundation (STFI),
  • Subsidence, Landslide, Rockslide
  • Aircraft damage,
  • Missile testing Operations,
  • Bush fire
  • Riot, Strike, Malicious Damage (RSMD)
  • Bursting and/or overflowing of water tanks, apparatus and pipes.
  • Leakage from automatic sprinkler installation
  • Architect’s fees not exceeding 3% of claim, cost of removal of debris not exceeding 1% of claim
  • Temporary removal of plant and machinery upto 60 days


  • Destruction / damage by own fermentation, natural heating or   spontaneous combustion
  • Burning of property insured by order of any public authority
  • Explosion/implosion damage to boilers, damage caused by centrifugal forces
  • Forest Fire
  • War and Nuclear perils
  • Bullion, curios, works of Art, cheques, currency etc (unless specified)
  • Consequential losses
  • Theft during/after operation of peril

The policy provides for following extensions (Add On Covers)

  • Architect’s, Surveyor’s and Consulting Engineers’ fees exceeding 3% of claim
  • Removal of debris exceeding 1% of claim
  • Deterioration of stocks in cold storage resulting from accidental power failure due to an insured peril
  • Deterioration of stocks in cold storage consequent to change in temperature
  • Forest Fire
  • Impact damage due to insured’s own vehicle,
  • Spontaneous Combustion
  • Omission to Insure additions, alternation or extensions.
  • Earthquake (Fire and shock)
  • Terrorism
  • Spoilage material damage, leakage and contamination,
  • Loss of rent
  • Temporary removal of stocks
  • Additional expenses for rent for an alternative accommodation
  • Start up expenses

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