Fire and Perils Insurance
Provide indemnity against loss of or damage to property due to fire, explosion, storm, and other occurrences customarily included among the risks insured against in fire insurance policies.
This class of insurance is divided into two;
- Fire and Perils Insurance – Domestic risks
This is fire insurance of risks which are of private or personal use that is, other than commercial or industrial use.
- Fire and Perils Insurance – Industrial and Commercial risks
This is fire insurance of commercial or industrial risks which are not domestic risks.