Agico Insurance fire

FIRE AND ALLIED PERILS INSURANCE SCOPE OF COVER The policy protects you from physical loss or damage as a result of Fire and Lightening which is a basic cover and it can be extended to cover" named perils" such as explosion, natural calamities (like storm, floods, landslide etc), impact damage by vehicles /animals aircrafts, riots ,strikes ,malicious acts, bursting of pipes/water tanks, sprinkler leakage and bush fires. MAIN EXTENSIONS Earthquake (fire and shock) Spontaneous combustion Impact damage Fees of architect, surveyor and consulting engineer Debris removal Burglary Riot and strike Damage Malicious Act Explosion Atmospheric disturbance Aircraft damage etc Electrical Clause B Allied Perils LOSS OF PROFIT FOLLOWING FIRE AND ALLIED PERIL SCOPE OF COVER In the event of any interruption to your business as a result of damage to your premise due to any peril insured under the Fire Material Damage Policy, this policy enables you to recover: Loss of Gross Profit due to a reduction in turnover Increased Cost of Working incurred in minimizing that loss of Gross Profit MAIN EXTENSIONS Wages Lay-off and retrenchment compensation and notice wages liability Auditor’s extension Supplier’s extension Customer’s extension Public utilities extension