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Stormy Beach

Fire and Special Perils Cover (Material Damage)

Standard Fire and Special Perils Insurance is a traditional cover that offers cover against fire and allied perils which are named in the policy. The policy can cover building (including plinth and foundation), plant and machinery, stocks, furniture, fixtures and fittings and other contents.

A special perils coverage covers damage from floods, landslides, landslips, typhoons, hurricanes, storms, volcanic eruptions, earthquakes, subsidence or sinking of the soil/earth, or other convulsions of nature

In the forest
On Fire

COVER AVAILABLE UNDER STANDARD Fire and Special Perils Cover (Material Damage)
1. Fire
Excluding destruction or damage caused to the property insured by
a) i) its own fermentation, natural heating or spontaneous combustion.
ii) its undergoing any heating or drying process.
b) burning of property insured by order of any Public Authority.

2. Lightning

3. Explosion/Implosion
Excluding loss, destruction of or damage
a) to boilers (other than domestic boilers), economizers or other vessels, machinery or apparatus( in which steam is generated) or their contents resulting from their own explosion/implosion,
b) caused by centrifugal forces.

4. Aircraft Damage
Loss, Destruction or damage caused by Aircraft, other aerial or space devices and articles dropped therefrom excluding those caused by pressure waves.

5. Riot, Strike and Malicious Damage
Loss of or visible physical damage or destruction by external violent means directly caused to the property insured but excluding those caused by
a) total or partial cessation of work or the retardation or interruption or cessation of any process or operations or omissions of any kind.
b) Permanent or temporary dispossession resulting from confiscation, commandeering, requisition or destruction by order of the Government or any lawfully constituted Authority.
c) Permanent or temporary dispossession of any building or plant or unit or machinery resulting from the unlawful occupation by any person of such building or plant or unit or machinery or prevention of access to the same.
d) Burglary, housebreaking, theft, larceny or any such attempt or any omission of any kind of any person (whether or not such act is committed in the course of a disturbance of public peace) in any malicious act.

6. Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
Loss, destruction or damage directly caused by Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood or Inundation excluding those resulting from earthquake, Volcanic eruption or other convulsions of nature. (Wherever earthquake cover is
Liberty Videocon General Insurance Company Limited – Policy Wording- SFSP 3
given as an “add on cover” the words “excluding those resulting from earthquake, volcanic eruption or other convulsions of nature” shall stand deleted.)

7. Impact Damage
Loss of or visible physical damage or destruction caused to the property insured due to impact by any Rail/ Road vehicle or animal by direct contact not belonging to or owned by
a) the Insured or any occupier of the premises or
b) their employees while acting in the course of their employment.

8. Subsidence and Landslide including Rock slide
Loss, destruction or damage directly caused by Subsidence of part of the site on which the property stands or Land slide/Rock slide excluding:
a) the normal cracking, settlement or bedding down of new structures
b) the settlement or movement of made up ground
c) coastal or river erosion
d) defective design or workmanship or use of defective materials
e) demolition, construction, structural alterations or repair of any property or
groundworks or excavations.

9. Bursting and/or overflowing of Water Tanks, Apparatus and Pipes

10. Missile Testing operations

11. Leakage from Automatic Sprinkler Installations
Excluding loss, destruction or damage caused by
a) Repairs or alterations to the buildings or premises
b) Repairs, Removal or Extension of the Sprinkler Installation
c) Defects in construction known to the Insured.

12. Bush Fire
Excluding loss, destruction or damage caused by Forest Fire.

Add on covers
In addition to the perils/ expenses covered, the proposer can opt to seek cover in respect of the following perils/ expenses at inception or during currency of the policy on payment of additional premium.

  • Loss/ damage/ destruction of the property caused by

  • Deterioration of Stocks in Cold Storage premises due to power failure following damage due to an insured peril

  • Forest Fire

  • Impact Damage due to Insured's own Vehicles, Fork lifts and the like and articles dropped there from

  • Spontaneous Combustion

  • Omission to insure additions, alterations or extensions

  • Earthquake (Fire and Shock).

  • Spoilage material damage cover.

  • Leakage and contamination cover.

  • Temporary removal of stocks.

  • Terrorism


  • Architects , Surveyors and Consulting Engineer's Fees (in excess of 3% claim amount)

  • Debris Removal (in excess of 1% of claim amount)

  • Loss of rent.

  • Insurance of additional expenses of rent for alternative accommodation.

  • Start up Expenses.

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