Fire Insurance Presentation

1. FIRE INSURANCE

2. DIVISION OF INSURANCE SECTOR
Insurance
General
insurance
Fire insurance
Marine
insurance
Mediclaim Motor vehicle
Life insurance

3. INTRODUCTION TO FIRE INSURANE
Whose principle object is insured
against loss or damage
occasioned by fire
The extent of insurer's liability
being limited by the sum assured
and not necessarily by the extent
of loss or damage sustained by
the insured
The insurer having no interest in
the safety or destruction of the
insured property apart from the
liability undertaken under the
contract.
Fire Insurance Contract is:

4. SCOPE OF FIRE INSURANCE
Fire Insurance Business:
 Fire
 Lightening,
 Explosion, Implosion
 Riots & Strikes
 Impact By Rail, Aircraft Damage
 Earth Quake
 Flood
 Storm
 Tempest, Tornado, Typhoon
 Cyclones & Land Slide

5. Lightning

6. Explosion

7. Flood

8. Cyclone

9. Earth Quake

10. Strike

11. ADD ON POLICY
Architects, Surveyors and
Consulting Engineers Fees
(in excess of 3% of claim
amount)
Debris Removal (in excess
of 1% of claim amount)
Deterioration of stock in
cold storage
Forest Fire
Start up Expenses Terrorism damage Spontaneous Combustion
Omission to insure addition
alterations and extensions

12. ADD ON
Earthquake (Fire & Shock)
Spoilage Material Damage
Cover
Leakage And Contamination
Cover
Temporary Removal of Stocks Loss of Rent Clause
Insurance of Additional
Expenses of Rent for an
Alternative Accommodation

13. INSURABLE OBJECTS IN FIRE INSURANCE
Building
Goods ( raw
materials, stocks in
process, semi
finished, finished etc
) in factories
Electrical
installation in
buildings
Machinery, Plant
and equipment

14. INSURABLE OBJECTS IN FIRE INSURANCE
Godowns, Goods in
open
Contents in dwellings
Shops, Hotels
Furniture, fixture and
fittings, pipelines
located inside or
outside the
compound

15. PREMIUM RATING
The type of
occupancy-
whether industrial
or otherwise
Claim experience
Fire Protection
System
Deductible
Franchise

16. THANK YOU
AIMS Insurance Broking Pvt. Ltd.
19/458, IInd Floor, Global Plaza
Poothole P.O., Thrissur- 04
Phone: 0487-2386364/2389703
Email:-info@aimsinsurance.in
Web: www. aimsinsurance.in