Fire insurance is a legal contract between an insurance company and the policyholder which guarantees that any loss or damages caused to the policyholder's property in a fire will be paid by the insurance company. This insurance covers the following perils:

1. Fire

2. Lightning

3. Explosion / Implosion

4. Aircraft Damage

5. Riot, Strike and Malicious Damage

6. Storm, Typhoon, Hurricane, Tornado, Flood and Inundation

7. Impact Damage

8. Subsidence and Landslide including Rockslide

9. Bursting and overflowing of water tanks, apparatus, and pipes

10. Missile testing operation

11. Leakage from Automatic Sprinkler Installation

12. Bush fire

The policy can be extended to include Earthquake Risk & Terrorist Damage.

Major Exclusions:

1. Destruction/damage by own fermentation, natural heating, or spontaneous combustion

2. Property undergoing any heating or drying process

3. Burning of property insured by order of any public authority

4. Explosion/implosion damage to boilers, in which steam is generated, damage caused by centrifugal forces

5. Forest fire, war, and nuclear perils

6. Bullion, curios, works of art, cheques, currency, etc (unless specified)

7. Electrical short circuits, consequential losses

8. Theft during/after the operation of perils