• cic@cicl-bd.com
  • Hotline : 09613 878787
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Fire Insurance

Types of Fire Policies

1.Standard Fire and Allied Perils Policy

The “Standard Fire and Allied Perils Policy” covers the following perils:

  • Fire
  • Riot, Strike and Malicious Damage
  • Explosion / Implosion
  • Aircraft Damage
  • Riot, Strike and Malicious Damage (RSMD)
  • Storm, Cyclone, Flood and Inundation (STFI)
  • Impact Damage
  • Subsidence and Landslide including Rockslide
  • Bursting and/or overflowing of Water Tanks, Apparatus and Pipes

More covers can be added( Add-on Covers) by endorsement and by paying additional premium under Standard Fire and Allied Perils Policyin addition to the above covers. 

2.Special Policies:

  • Floater Policy: This policy is issued only for the stocks stored in warehouses/godowns at various places but belonging to the policy holder. This policy issued to stocks in godowns where inter godown movement of stocks is very frequent and where it is not possible to record each and every inward and outward movement of stocks cannot be monitored. Policy holder can take the policy for one sum insured which is floated over all the godowns.
  • Declaration Policy: This type of policy is useful where there are frequent fluctuations in stocks / stock values and to avoid the under insurance (insurance of lower value) of the stock. Based on the pre-agreed terms the stock value to be declared periodically say monthly and the premium at the year-end (Policy year) is worked out on the average of the stock value declared and excess premium if any will be refunded to the policy holder.
  • Floater Declaration Policy : It is combination of the above-mentioned policies i.e. stock lying at various locations and the value of stock fluctuating.

ADD ON COVERS

Normally, depending upon the need and risk exposure following additional covers are given.

  • Combustion (by Fire Only)
  • Earthquake (Fire and Shock)
  • Subterranean Fire
  • Flood & Cyclone
  • Electrical Claus ‘B’
  • And more

Remember these points while buying fire insurance

Buying a fire insurance policy bring customer’s peace of mind as it covers them for losses or damages resulting from a fire and other covered events/perils.

But following points should be considered while buying fire insurance for proper protection.

  • Perils Covered
  • Exclusions
  • Add on Covers
  • Proper Description of The Property
  • Related Clauses Like Goods Held in Trust Clause, Reinstatement Value Clause Etc.
  • Adequacy of Sum Insured to Avoid Under Insurance.

Request Your Personalized Insurance Proposal

Take the first step toward securing your future. Receive a tailored insurance proposal, crafted to suit your specific needs and preferences. 

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Our Insurance Policy

Fire & Allied Perils Insurance

Covers property against damage or destruction caused by fire, lightning, or the explosion..

  • Covers Property Damage

  • Riot, Strike and Malicious Damage

  • Earthquake, Cyclone and more

Industrial All Risks (IAR) Policy

An all risks policy covering a wide range of perils such as fire and allied perils, burglary, accidental damage, breakdown as well as business interruption.

  • Coverage Against several perils besides fire

  • Machinery Breakdown

  • Business Interruption & more

Comprehensive Machinery Insurance

Covers wide range of loses of machinery damage and repair costs caused

  • Sudden & Unforeseen Physical Damage

  • Over-hauling

  • Removal of Another Position

Business Interruption

Covers financial losses from business disruptions due to property damage.

  • Protect monetary losses when suspended operation occurs by covered causes

WE ALWAYS HELP

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They frequently asked
questions

? What does Fire & Allied Perils Insurance cover?

Fire & Allied Perils Insurance provides comprehensive protection against fire and related risks, such as lightning, explosion, and natural disasters like storms or floods. It covers damage to buildings, contents, and any associated losses.

? What is included in a Fire Package Insurance policy?

Fire Package Insurance typically includes coverage for fire damage, as well as additional protections such as theft, vandalism, and natural disasters. It often provides a comprehensive solution for safeguarding your property.

09613 878787

Talk to our insurance experts

Have questions or need advice? Our insurance experts are here to help you find the right coverage. Contact us today for a free consultation and get personalized guidance tailored to your needs.

Contact Us

Central Insurance PLC. started its journey from 12th November, 1987 as one of the first generation non-life insurance company listed with the Dhaka Stock Exchange Limited & Chittagong Stock Exchange Limited.

Contact

  • cic@cicl-bd.com

  • 7-8, Central Insurance Bhaban (3rd & 4th floor), Motijheel C/A, Dhaka- 1000. Bangladesh.

  • 02 223380251-4, 09613 777778

  • Hotline: 09613 878787

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