FIRE INSURANCE

Introduction

This is a tariff class insurance, rates, policy wordings, warranties and clauses are in accordance with the Revised Fire Tariff.

Scope of Cover

The standard Fire policy covers loss or damage to property caused by or arising from Fire or Lightning.

Principal Exclusions

• The "Special Perils" unless extended by payment of additional premium. 
• Loss by theft during or after the occurrence of fire.
• War or an invasion of a foreign country.
• Nuclear risks, ionizing and radiation. 
• Arson by the insured. 
• Collapse of building unless caused by Fire. 
• Where the building insured becomes unoccupied for more than 30 days. 
• Consequential Loss.

Extensions - Special Perils

This policy does not cover damage caused by the following perils but can be extended by payment of additional premiums.

• Aircraft Damage including aerial devices and other articles dropped therefrom.
• Earthquake and/or Volcanic Eruption directly causing Fire or other factors.
• Storm, Tempest and/or  Windstorm causing fire or damage (An excess 1% of total sum insured or RM200 whichever is the lesser)
• Flood including overflowing or deviation of natural and artificial channels, bursting or overflowing of public water mains, and any other flow or accumulation or water originating from outside insured's building. (An excess 1% of Total Sum Insured or RM2,500 whichever the less)
• Explosion causing fire or otherwise, but EXCLUDING damage to boilers, pressure vessel or machinery under pressure itself.
• Impact Damage including insured's own vehicles (An excess of RM250)
• Bursting or overflowing of water tanks apparatus of pipes (excess RM1,000 or 1% subject to a minimum of RM100 if sum insured is less than RM50,000) 
• Electrical Installation Clause (B) which covers loss or damage by fire to the electrical installation arising from or occasioned by over-running, excessive pressure, short-circuiting, electrical arching and leakage of electricity from whatever cause (lightning included)
• Bush/Lalang Fire provided every reasonable care is taken to keep ground free of lalang/undergrowth.
• Subsidence and landslide (An excess of 5% or RM25,000 whichever is the lesser)
• Loss or damage by fire only caused by Spontaneous Combustion, fermentation or heating or otherwise in respect of the insurance on coal.
• Riot Strike and Malicious Damage (excluding damage or loss by burglary, housebreaking, theft or larceny)
• Damage by Falling Trees or Branches and Objects Therefrom (subject to an excess of RM250 each and every claim)
• Smoke Damage due to sudden unusual and faulty operation of heating/cooking units provided such units are connected to a chimney by exhaust pipe or vent. Excess of RM50,000)
• Goods Undergoing Heating or Drying but excluding damage by smoke, fumes, scorching, charring, chemical re-action, discoloration and change of state.
• Sprinkler's Leakage.
  

For further information about this product, please contact our nearest branch and our customer service staff will gladly assist you.