fire insurnace
Silver Star Insurance Company Limited (SSICL) is providing the protection to broad spread of quality business relating to industrial, commercial and service activities, including transportation, manufacturing, engineering, banking, and other miscellaneous services. The Fire policy can be issued with allied perils such as: -
These which can be included in the Fire policy by charging additional premium separately. The SSICL on payment of an additional premium, paid by the client, may extend the fire policy that includes various allied perils.
The Fire Insurance Policy extend to cover Riot and Strike damage, which for the purposes of this cover, the act of any person taking part together with others in any disturbance of the public peace and the willful act of any striker or locked-out worker done in furtherance of a strike or in resistance to a lock-out. SSICL will indemnify the policyholder’s loss arising out from such kind of situation. The Riot and Strike cover exclude the damages of war, invasion, act of foreign enemy, hostilities or warlike operations civil war, Mutiny and civil commotion.
The act of any person or persons taking part together with others in any disturbance of the public place whether in connection with a strike causing loss or damage to the property by Fire directly.
The risk of Atmospheric Disturbance can also be added in Fire Insurance Policy. The risks of atmospheric disturbance provide the protection against the damages of Hail, Snow, Wind, Hurricane, Cyclone, Tornado.
Under the Fire Insurance policy Riot and Strike damage shall extend to include Malicious Damage, which for the purpose of this extension shall mean, the destruction of property directly caused by the malicious act of any person not being an act committed in connection with an occurrence mentioned in Riot Strike endorsement. The malicious damage extension under a fire policy is regarded as excluding destruction or damage to property actually stolen and any incidental damage directly attributable to theft. The extension does, however, pick up any other malicious damage caused by intruders whether or not any element of theft is involved.
Loss or damage to the property insured under the risk of Fire or otherwise directly caused by explosion.
SSICL gives cover for both fire and shock damage caused by earthquake. If required either can be insured on its own, at a lower premium. On request subterranean fire can be added to the wording.
The use of violence for political ends and includes any use of violence for the purpose of putting the public or any section of public in fear causing damages properties and lives of human by making explosions or otherwise directly caused by an act of terrorism committed by a person or persons acting on behalf of or in connection with any organization.
The risk of terrorism cannot be covered unless the primary risk of Riot Strike Damage, Malicious Damage and Explosion are not obtained in the fire policy.
In most of the cases the Aero Planes crash during their take off and landing time a fell on the populated areas, in some cases the parts of the aircraft separated from the aero plane just as landing gears and other devices or articles dropped on the ground causing damages to the properties and human lives by fire or otherwise. In the west the populated areas near the airport must have their fire policies inclusive of Aircraft Damage.
Any property belonging to a business or house held stolen from the business premises or from the house, the Burglary Insurance Policy will indemnify the insured for the loss of property from the insured premises subject to forcible entry into the premises by breaking wall, windows, grills fence and locks. In such cases the matter must be reported to the police in writing and after entry of the report the insured must obtain a certified copy of F.I.R. from the concerned police station. It is the duty of the insured to pursue the matter with the police for the recovery of stolen property from the culprits.
For detailed information kindly e-mail us:
mumtaz@ssic.com.pk
ghaffar@ssic.com.pk
Contact to nearest branch office or
Head Office, Lahore:
(092-042) 37237518, 37324488, 37355614, 37231449
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