Presentation on Standard Fire and Special Peril Policy inclusion and add on covers with real gif animated images.

1. STANDARD FIRE AND SPECIAL
PERIL POLICY

2. Over View of SFSP policy
Perils Included In SFSP
Add on Perils In SFSP

3. The Standard Fire & Special Perils (SFSP) Insurance,
designed to cover loss or damage to Buildings, Plant &
Machinery, Tools, Instruments and accessories, Furniture,
Fixtures and Fittings, Electrical Installations, Stocks in
trade including work in progress, etc due to Fire and Act of
God perils..

4. FIRE….

5. Lightening….

6. Explosion

7. Implosion

8. Aircraft Damage

9. RIOT DAMAGE

10. STFI( Storm Tempest Flood Inundation)

11. IMPACT DAMAGE

12. Subsidence and Land Slide

13. Bursting , Water overflowing tank.

14. Leakage Of Automatic Sprinkler

15. Bush Fire

16. 1. Deterioration Of
Stock in cold storage
premises due to
power failure or by
any insured peril

17. (A) Deterioration of Stocks in Cold
Storage premises due to accidental
power failure consequent to
damage at the premises of Power
Station due to an insured peril
25% of Policy
Rate
Sum insured of stocks
(B) Deterioration of stocks in cold
storage premises due to change in
temperature arising out of loss or
damage to the cold storage
machinery(ies) in the Insured’s
premises due to operation of
insured peril.
Policy Rate Sum insured of stocks

18. 3. Impact Damage due to insured
own vehicle, fork lift and like
article.
Impact Damage
due to Insured’s
own Rail/Road
Vehicles, Fork
lifts, Cranes,
Stackers and the
like and articles
dropped
therefrom.
5% of
Policy
Rate
Policy Sum
insured

19. 4. Spontaneous
Combustion
Spontaneous
Combustion
Category I
goods
Category II
goods
Category III
goods
Category IV
goods
Rs.0.25%o
Rs.0.50%o
Rs.0.75%o
Rs.1.00%o
Sum
insured of
relative
commodit
y

20. 5. Omission to insure
addition, alteration and
extension.
Omission to
Insure
additions,
alteration or
extensions
Policy
Rate
5% of sum
insured of
BMA

21. 6. Earthquake (Fire and
Shock)
Earthquake (Fire
and Shock)
Zone I
Zone II
Zone III
Zone IV
Rs.1.00%o
Rs.0.50%o
Rs.0.20%o
Rs.0.10%o
Policy
sum
Insured
Note :- Dwelling, offices, hotels, shops etc
rateable under Section III of the tariff can
be covered by charging a uniform rate of
Re 0.10%0 regardless of the zones

22. 7. Spoilage
Material Cover
Spoilage
Material
Damage
Cover
Stocks in
specified blocks
5 times the
Policy Rate
Machinery,
Containers &
Equipments in
specified blocks
2.5 times the
Policy Rate
Value of
stocks in
specified
blocks
M/A value in
specified
blocks.

23. 8. Leakage and
Contamination Cover
Leakage And
Contamination
Cover
Where the tanks
are within the
Insured’s own
premises
Where the tanks
are located
elsewhere
Leakage
Cover
only
Rs.5%o
Rs.6%o
Leaka
ge &
Conta
minati
on
Rs.10
%o
Rs.12
%o
Specifi
ed
sum
insure
d

24. 9. Temporary
Removal of Stocks
Temporary
Removal of
Stocks
Clause
10% of
policy
Rate
Policy
sum
insure
d

25. 1. Architects, Surveyor and
Consulting Engineers Fees.
Add-On Cover Rates
applicabl
e
Value on
which
premium has
to be charged
Architects,
Surveyors and
Consulting
Engineers
Fees ( in
excess of 3%
claim amount)
Policy
Rate
Specified
sum
insured
not
exceeding
7.5% of
claim
amount

26. 2. Debris Removals
Removal of
Debris (in
excess of
1% claim
amount)
Policy
Rate
Specified
sum
insured
upto
maximum
10% of
sum
insured

27. 3. Loss of Rent
Loss Of Rent clause Policy
Rate
Specifi
ed sum
insured

28. 4. Insurance of additional
expenses of rent for
alternatives accommodation.
Policy Rate Specified sum
insured

29. 5. Startup
Expenses.
Start up
Expenses
Policy
Rate
Specified
sum insured