FIRE AND SPECIAL PERIL INSURANCE FACTS - PowerPoint PPT Presentation

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FIRE AND SPECIAL PERIL INSURANCE FACTS

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This ppt is focuses over the facts of Fire and special perils insurance. What is fire and special perils insurance? Who can apply for it? Know more about by viewing it. – PowerPoint PPT presentation

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Title: FIRE AND SPECIAL PERIL INSURANCE FACTS


1
FIRE AND SPECIAL PERILS INSURANCE FACTS
2
What Is It?
  • Fire and special perils insurance is used to
    provide cover against any damage to a property
    caused by fire or natural disaster including
    landslide, earthquake, tempest, flood etc.

3
What Type Of Special Perils Are Covered?
  • Fire
  • Explosion
  • Storm
  • Tempest
  • Flood
  • Landslide
  • Riots
  • Aircraft damage

4
What Type Of Building Is Suitable For having it?
  • Building which is constructed including
  • RCC
  • RBC
  • Tiles
  • ACC roof
  • Walls of brick /stone /concrete

5
Factors That Affects Fire Insurance
6
1. Nature Of Risk
It includes Construction Size of risk Goods
7
2. Potential Effects Of Fire On Stocks
  • It includes
  • Stock procurement Stock suceptebility

8
3. Fire Protection Arrangements
9
4. Circumstance of risk
It is based upon Geographic location Degree of
hazard from adjacent properties
10
How Sum Insured is Calculated in Fire and
Special Peril Insurance?
It is based on the re-instatement value of the
structure of the house. The re-instatement
value or reconstruction value Is depend on the
construction value.
11
Thanks For Watching
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