- Fire Insurance

Fire Insurance

A. Types of policy

1- Fire

2- Replacement clause

3- Policies with variable capital (floating capital) for turnovery of the goods.

4- First loss policy

5- Residential houses policy-house hold comprehensive plan.

6- Long-term residential houses policy (more than one year)

7- Long-term residential house policy with annual increasing value.

8- Type of banking mortgage policies (residential , industrial , non-industrial)

 B. Types of policies based on subject matter of Insurance :

1. Industrial units Insurance

Includes all the factories such as : spinning , weaving , colour and chemical , automobile and motorcycle , pharmacy and food and leather producing factories, mosaic and ceramic producing factories , hygienic equipment , moulding , plating , oil and gas industries , petrochemical , electricity and energy power plant (water , gas , wind , steam , …)

2. Residential units Insurance

Includes all the residential units such as Villa ,house , apartment and apartment complex .

3. Non-industrial units Insurance

Includes : schools , hospital and clinic , laboratory and doctor's surgery , official and commercial registries , stores , barber's shop , photographer's studio , warehouses , squares , fairs , museums , hotels and guest house , academies , …

 C. Types of insurable risks under the fire Insurance :

1. Fundamental perils :

Includes : fire , explosion , lightning.

2. Additional perils :

Includes : flood and storm , earthquake and volcanic eruption , tempest , cyclone , hurricane , snow slide , falling and collision of external substances , breakage of glass , theft , expulsion and abatement of ground , aircrafts and helicopter crash and articles dropped there from , damages due to snow and rain , damages due to brusting of water pipes and sewage , strike , riot , civil commotion (SRCC) , explosion and deformation of boilers and under pressure industry plants , …