This insurance is targeted at entrepreneurs conducting business activity in various industries.
Fire and Other Perils Insurance can cover not only the property owned by the insured but also property in their possession, custody, or control. The scope of the insurance includes damages to property caused by:
- fire,
- lightning strike,
- impact of land vehicles,
- aircraft crash,
- hurricane,
- torrential rain,
- hail,
- subsidence or landslide,
- water damage/flooding,
- water damage/flooding,
- weight of snow or ice,
- smoke,
- bursting pipes,
- falling trees or masts,
- flood,
- shockwave,
- avalanche, as well as
- earthquake.
Fire and Other Perils Insurance also covers the costs of employing all available measures to mitigate damage to insured property. Additionally, it covers rescue and firefighting operations as well as the costs of clearing debris after a loss.
