{"id":1634,"date":"2017-10-03T07:07:46","date_gmt":"2017-10-03T07:07:46","guid":{"rendered":"https:\/\/pamstaging.securenow.in\/insuropedia\/?p=1634"},"modified":"2026-02-08T05:57:11","modified_gmt":"2026-02-08T05:57:11","slug":"12-perils-standard-fire-insurance-policy","status":"publish","type":"post","link":"https:\/\/securenow.in\/insuropedia\/12-perils-standard-fire-insurance-policy\/","title":{"rendered":"What are the 12 perils of standard fire insurance policy?"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><h2 aria-level=\"3\"><b><span data-contrast=\"none\">What does it cover<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335559738&quot;:281,&quot;335559739&quot;:281}\">?<\/span><\/h2>\n<p><span data-contrast=\"auto\">A <\/span><b><span data-contrast=\"auto\">Standard Fire Insurance Policy<\/span><\/b><span data-contrast=\"auto\"> (also known as a Standard Fire and Special Perils Policy) protects physical assets\u2014like buildings, machinery, stock, and plant\u2014from fire and 11 additional named perils.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<h2 data-path-to-node=\"6\">Key Takeaways<\/h2>\n<ul data-path-to-node=\"7\">\n<li>\n<p data-path-to-node=\"7,0,0\"><b data-path-to-node=\"7,0,0\" data-index-in-node=\"0\">&#8220;Fire&#8221; has a specific definition:<\/b> In insurance, a &#8220;fire&#8221; must involve actual ignition (a flame). Damage from just high heat (like a machine overheating without catching fire) is generally not covered under the standard fire peril.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"7,1,0\"><b data-path-to-node=\"7,1,0\" data-index-in-node=\"0\">The &#8220;Third-Party&#8221; Rule for Impact:<\/b> Impact damage only applies if the vehicle or animal belongs to someone <i data-path-to-node=\"7,1,0\" data-index-in-node=\"106\">outside<\/i> your business. If your own delivery truck hits your warehouse wall, this policy will not pay for the wall&#8217;s repair.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"7,2,0\"><b data-path-to-node=\"7,2,0\" data-index-in-node=\"0\">STFI is often an &#8220;Add-on&#8221;:<\/b> While listed in the 12 perils, many commercial policies treat <b data-path-to-node=\"7,2,0\" data-index-in-node=\"89\">Storm, Tempest, Flood, and Inundation (STFI)<\/b> as an optional cover. Given India&#8217;s monsoon patterns, ensuring this is active is a priority for businesses.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"7,3,0\"><b data-path-to-node=\"7,3,0\" data-index-in-node=\"0\">Boiler Exclusions:<\/b> While &#8220;Explosion\/Implosion&#8221; is covered, damage to the actual boiler itself is usually excluded. You need a specific <b data-path-to-node=\"7,3,0\" data-index-in-node=\"135\">Boiler &amp; Pressure Plant (BPP)<\/b> policy for that equipment.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"7,4,0\"><b data-path-to-node=\"7,4,0\" data-index-in-node=\"0\">Forest vs. Bush Fire:<\/b> The policy covers &#8220;Bush Fire&#8221; (low-lying shrubs), but typically excludes &#8220;Forest Fire&#8221; unless specifically endorsed. This distinction is critical for properties near large wooded areas or plantations.<\/p>\n<\/li>\n<\/ul>\n<h2><b><span data-contrast=\"none\">The 12 Perils\u00a0<\/span><\/b><\/h2>\n<ol>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"12\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Fire<\/span><\/b><span data-contrast=\"auto\"> \u2013 Excludes spontaneous combustion, heat from processing, public-authority-ordered burning.<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"12\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Lightning<\/span><\/b><span data-contrast=\"auto\"> \u2013 Damage or structural cracks caused by strikes.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"12\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Explosion\/Implosion<\/span><\/b><span data-contrast=\"auto\"> \u2013 Except damage to boilers, steam vessels, etc.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"12\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Aircraft Damage<\/span><\/b><span data-contrast=\"auto\"> \u2013 Includes losses from aircraft or aerial objects.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"12\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Riot\/Strike\/Malicious Damage (RSMD)<\/span><\/b><span data-contrast=\"auto\"> \u2013 Covers violent public acts.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"12\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Storm, Flood, Cyclone, Typhoon, Tempest, Hurricane<\/span><\/b><span data-contrast=\"auto\"> \u2013 Does <\/span><i><span data-contrast=\"auto\">not<\/span><\/i><span data-contrast=\"auto\"> cover earthquakes or volcanic eruptions<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"12\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Impact Damage<\/span><\/b><span data-contrast=\"auto\"> \u2013 From third-party vehicles or animals.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"12\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Subsidence\/Landslide\/Rockslide<\/span><\/b><span data-contrast=\"auto\"> \u2013 Excludes normal settlement, erosion, faulty construction.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"12\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Bursting or Overflowing of Tanks, Pipes, Apparatus<\/span><\/b><span data-contrast=\"auto\"> \u2013 Covers water-related structural damage.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"12\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Missile Testing Operations<\/span><\/b><span data-contrast=\"auto\"> \u2013 Damage from testing site mishaps.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"12\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Leakage from Automatic Sprinkler Installations<\/span><\/b><span data-contrast=\"auto\"> \u2013 Covers accidental water damage, not maintenance defects.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"12\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Bush Fire<\/span><\/b><span data-contrast=\"auto\"> \u2013 Covers fire spread in shrubs or bushes, not forest fires.<\/span><\/li>\n<\/ol>\n<h2>The 12 Perils of Standard Fire Insurance Policy &#8211; Explained<\/h2>\n<p>A fire insurance policy is a contract between the policyholder and the insurance company to indemnify the insured for the financial losses suffered due to the destruction or damage of the property\/goods caused by the fire. All the movable and immovable properties like buildings, plants &amp; machinery, equipment &amp; accessories, stocks, and other contents are covered by a <a href=\"https:\/\/securenow.in\/property-insurance\/fire-insurance\">standard fire insurance policy<\/a>. Following are the 12 perils of the standard fire insurance policy:<\/p>\n<h3><strong>1) Perils of Fire:<\/strong><\/h3>\n<p>Damage caused to the insured property\/goods due to fire, a fire insurance policy covers it. However, this policy will not cover the property\/goods against:<\/p>\n<ul>\n<li>Damage or destruction caused due to its own fermentation,<\/li>\n<li>Any damage or destruction caused due to natural heating<\/li>\n<li>Damage or destruction caused due to spontaneous combustion.<\/li>\n<li>Damage or destruction caused due to any heating or drying process.<\/li>\n<li>Burning of the insured property due to orders issued by the Public Authority.<\/li>\n<\/ul>\n<h3><strong>2) Standard Fire Insurance against Lightning Insurance:<\/strong><\/h3>\n<p>Fire or any other damage caused to the property due to a peril like lightning is covered by the fire insurance policy. Striking of lightning can cause cracks in the building; such damage is also covered by this insurance policy.<\/p>\n<h3><strong>3) Explosion\/Implosion:<\/strong><\/h3>\n<p>This policy protects against the loss caused due to explosion and implosion. A vessel can explode when its inside pressure reaches or is more than the atmospheric pressure outside. Whereas, an implosion occurs when the external pressure is more than the internal pressure. Both these phenomena can result in a fire. However, the fire insurance policy does not cover the loss, destruction, or damage caused to:<\/p>\n<ul>\n<li>Boilers<\/li>\n<li>Economizers or other vessels<\/li>\n<li>Machinery, apparatus, or their contents generating steam<\/li>\n<\/ul>\n<p>The policy also does not cover the damage or destruction caused by centrifugal forces.<\/p>\n<h3><strong>4) Aircraft Damage:<\/strong><\/h3>\n<p>It covers the loss or damage caused by Aircraft, and other aerial or space devices.<\/p>\n<h3><strong>5) Riot, Strike, Malicious Damage insurance:<\/strong><\/h3>\n<p>The fire insurance policy covers the loss, visible physical damage, or destruction to the property caused by external violent means. Riot, strike, and malicious damage are caused with an intention of causing disturbance to the public peace.<\/p>\n<p><strong>Read More: <a href=\"https:\/\/securenow.in\/insuropedia\/what-is-contribution-fire-insurance\/\">Type of useful covers you can add to your Fire Insurance Policy<\/a><\/strong><\/p>\n<h3>6) Standard Fire <span style=\"font-size: 18.72px;\">insurance<\/span> for Storm, Cyclone, Typhoon, and Flood:<\/h3>\n<p>The violent destruction caused to the property or goods due to the above-mentioned perils is covered by the fire insurance policy. However, the policy does not cover earthquakes, volcanic eruptions, or other perils of nature under the standard peril list. The insured must ask the insurance company for additional cover to get protection against the same.<\/p>\n<h3><strong>7) Impact Damage:<\/strong><\/h3>\n<p>The <a href=\"https:\/\/securenow.in\/property-insurance\/fire-insurance\">fire insurance policy<\/a> covers the damage or destruction caused to the insured property due to direct impact\/contact by any rail\/road vehicles or animals. However, it is important that such vehicles or animals are not owned by the insured, any occupier of the premises, or the employees in the course of their employment.<\/p>\n<h3><strong>8) Subsidence and Landslide including Rockslide:<\/strong><\/h3>\n<p>Subsidence means the sinking of the area on which the property is located, and landslide means the collapse of the mass of the earth from a mountain or a cliff.<\/p>\n<p>Fire insurance covers the loss, destruction, or damage directly caused by the subsidence of part of the site on which the property stands or landslide and rock slide. However, it does not cover damage or destruction caused to the property due to:<\/p>\n<ul>\n<li>Demolition, repair, or structural alterations of the property or groundwork or excavations<\/li>\n<li>Coastal or river erosion<\/li>\n<li>Normal cracking or settlement of new structures<\/li>\n<li>Settlement or movement of made-up ground<\/li>\n<li>Defective design or defective workmanship or use of defective materials<\/li>\n<\/ul>\n<h3><strong>9) Standard Bursting and\/or overflowing of water tanks, Apparatus, and Pipes:<\/strong><\/h3>\n<p>This policy also covers the loss or damage caused to the property by water due to the above-mentioned perils like bursting and\/or overflowing of water tanks, apparatus, and pipes.<\/p>\n<h3><strong>Read More: <a href=\"https:\/\/securenow.in\/insuropedia\/what-is-contribution-fire-insurance\/\">What is Contribution in Fire Insurance?<\/a><\/strong><\/h3>\n<h3><strong>10) Missile Testing Operations insurance: <\/strong><\/h3>\n<p>This policy also covers the damage or loss to the property due to any kind of missile testing operation.<\/p>\n<h3><strong>11) Leakage from Automatic Sprinkler Installations:<\/strong><\/h3>\n<p>Damage caused due to accidental discharge of water from a leaked automatic sprinkler installation, this policy covers that as well. However, it does not cover the loss or damage caused due to:<\/p>\n<ul>\n<li>Repairs or alterations to the buildings<\/li>\n<li>Repairs, removal, or extension of the sprinkler installation<\/li>\n<li>Defects in construction, already known to the Insured<\/li>\n<\/ul>\n<h3><strong>12) Bush Fire insurance:<\/strong><\/h3>\n<p>The policy covers the damage caused due to the burning of bushes and jungles by fire. However, it does not cover any loss, destruction, or damage caused by the forest fire.<\/p>\n<h2 data-path-to-node=\"3\">Summary: The 12 Perils of Fire Insurance<\/h2>\n<div class=\"horizontal-scroll-wrapper\">\n<div class=\"table-block-component\">\n<div class=\"table-block has-export-button\">\n<div class=\"table-content not-end-of-paragraph\" data-hveid=\"0\" data-ved=\"0CAAQ3ecQahgKEwiRs5buu7-SAxUAAAAAHQAAAAAQwgo\">\n<table style=\"height: 240px;\" width=\"960\" data-path-to-node=\"4\">\n<thead>\n<tr>\n<td><strong>Peril Group<\/strong><\/td>\n<td><strong>Specific Risks Covered<\/strong><\/td>\n<td><strong>Key Exclusion<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"4,1,0,0\"><b data-path-to-node=\"4,1,0,0\" data-index-in-node=\"0\">Fire &amp; Lightning<\/b><\/span><\/td>\n<td><span data-path-to-node=\"4,1,1,0\">Actual ignition and structural cracks from lightning.<\/span><\/td>\n<td><span data-path-to-node=\"4,1,2,0\">Spontaneous combustion or &#8220;natural heating.&#8221;<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"4,2,0,0\"><b data-path-to-node=\"4,2,0,0\" data-index-in-node=\"0\">Social Perils<\/b><\/span><\/td>\n<td><span data-path-to-node=\"4,2,1,0\">Riots, Strikes, and Malicious Damage (RSMD).<\/span><\/td>\n<td><span data-path-to-node=\"4,2,2,0\">Theft or burglary during the riot.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"4,3,0,0\"><b data-path-to-node=\"4,3,0,0\" data-index-in-node=\"0\">Natural Perils<\/b><\/span><\/td>\n<td><span data-path-to-node=\"4,3,1,0\">Storm, Cyclone, Flood, and Inundation (STFI).<\/span><\/td>\n<td><span data-path-to-node=\"4,3,2,0\"><b data-path-to-node=\"4,3,2,0\" data-index-in-node=\"0\">Earthquakes<\/b> (requires a separate add-on).<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"4,4,0,0\"><b data-path-to-node=\"4,4,0,0\" data-index-in-node=\"0\">Impact Damage<\/b><\/span><\/td>\n<td><span data-path-to-node=\"4,4,1,0\">Collisions by third-party vehicles or animals.<\/span><\/td>\n<td><span data-path-to-node=\"4,4,2,0\">Damage by owner\u2019s or employee\u2019s vehicles.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"4,5,0,0\"><b data-path-to-node=\"4,5,0,0\" data-index-in-node=\"0\">Operational Failures<\/b><\/span><\/td>\n<td><span data-path-to-node=\"4,5,1,0\">Bursting of tanks\/pipes; Sprinkler leakage.<\/span><\/td>\n<td><span data-path-to-node=\"4,5,2,0\">Maintenance defects or known construction flaws.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"4,6,0,0\"><b data-path-to-node=\"4,6,0,0\" data-index-in-node=\"0\">Geological\/Other<\/b><\/span><\/td>\n<td><span data-path-to-node=\"4,6,1,0\">Landslides, Rockslides, and Missile testing.<\/span><\/td>\n<td><span data-path-to-node=\"4,6,2,0\">Normal soil settlement or river erosion.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2><strong>Case Study: 12 perils of standard fire insurance<\/strong><\/h2>\n<p>A cloth manufacturer in Jaipur was in the business of exporting handcrafted finished goods to different parts of India. Once, a fire broke out in his factory, it burnt the majority of the exported cloth.<\/p>\n<p>Fire brigade trucks rushed to the site immediately and took care of the fire. No one was injured. However, the fire caused huge damage to the property as well as the goods.<\/p>\n<p>Since the owner of the cloth company had taken a fire insurance policy, he contacted his insurers immediately. The surveyor investigated the situation and reported that the cause of the fire was one of the 12 standard perils mentioned in the policy.<\/p>\n<p>As the fire occurred due to the insured peril, the insurer covered all the losses of the cloth manufacturing company.<\/p>\n<h3>FAQ<\/h3>\n<h4><b><span data-contrast=\"auto\">Q) What is a Standard Fire and Special Perils Policy (SFSP)?<\/span><\/b><\/h4>\n<p><span data-contrast=\"auto\"><b>A) <\/b>A Standard Fire and Special Perils Policy is an insurance product that provides financial protection against losses or damages to property caused by fire and 11 additional named perils such as floods, riots, and lightning.<\/span><\/p>\n<h4><b><span data-contrast=\"auto\">Q) What are the 12 perils covered under standard fire insurance?<\/span><\/b><\/h4>\n<p><span data-contrast=\"auto\"><b>A) <\/b><\/span>The 12 perils include:<\/p>\n<ol start=\"3\">\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Fire<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Lightning<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Explosion\/Implosion<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Aircraft Damage<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Riot, Strike, and Malicious Damage (RSMD)<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Storm, Cyclone, Tempest, Typhoon, Hurricane, Flood, Inundation<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Impact Damage<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Subsidence and Landslide<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Bursting or Overflowing of Water Tanks, Pipes<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Missile Testing Operations<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Leakage from the Automatic Sprinkler System<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"13\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Bush Fire<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ol>\n<h4><b><span data-contrast=\"auto\">Q) Are earthquakes covered under the Standard Fire Policy?<\/span><\/b><\/h4>\n<p><span data-contrast=\"auto\"><b>A) <\/b>No, earthquakes are not covered under the standard policy. You need to purchase an add-on (rider) for earthquake coverage.<\/span><\/p>\n<h4><b><span data-contrast=\"auto\">Q) What is excluded from a Standard Fire Insurance policy?<\/span><\/b><\/h4>\n<p><span data-contrast=\"auto\"><b>A) <\/b><\/span>Common exclusions include:<\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">War or nuclear risks<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Willful negligence<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Pollution or contamination<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Electrical\/mechanical breakdown<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Theft<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><span data-contrast=\"auto\">Consequential losses<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"14\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><span data-contrast=\"auto\">Forest fires (unless explicitly covered)<\/span><\/li>\n<\/ul>\n<h4><b><span data-contrast=\"auto\">Q) Can I customize the Standard Fire Policy with additional coverage?<\/span><\/b><\/h4>\n<p><span data-contrast=\"auto\"><b>A) <\/b><\/span>Yes. You can include optional riders such as:<\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Earthquake cover<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Terrorism cover<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Forest fire cover<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Architect and surveyor fees<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Debris removal<\/span><\/li>\n<\/ul>\n<h4><b><span data-contrast=\"auto\">Q) Who should buy a Standard Fire and Special Perils Policy?<\/span><\/b><\/h4>\n<p><span data-contrast=\"auto\"><b>A) <\/b><\/span>This policy is ideal for:<\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"16\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Business owners<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"16\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Factory and warehouse managers<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"16\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Shop owners<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"16\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Homeowners<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"16\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Institutions and schools<\/span><br \/>\n<span data-contrast=\"auto\"> Anyone who owns physical property or valuable assets should consider this policy.<\/span><\/li>\n<\/ul>\n<h4><b><span data-contrast=\"auto\">Q) What is the claim process under this policy?<\/span><\/b><\/h4>\n<p><span data-contrast=\"auto\"><b>A) <\/b><\/span>In case of damage or loss:<\/p>\n<ol start=\"8\">\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"17\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Inform your insurer immediately.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"17\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Submit photos, documents, and proof of ownership\/damage.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"17\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Cooperate with the insurer\u2019s surveyor for inspection.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"%1.\" data-font=\"Arial\" data-listid=\"17\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Receive a claim settlement based on policy terms.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ol>\n<h4><b><span data-contrast=\"auto\">Q) What is RSMD in fire insurance?<\/span><\/b><\/h4>\n<p><span data-contrast=\"auto\"><b>A) <\/b>RSMD stands for <\/span><b><span data-contrast=\"auto\">Riot, Strike, and Malicious Damage<\/span><\/b><span data-contrast=\"auto\">. It covers property damage due to violent public disturbances or intentional harm caused by a third party.<\/span><\/p>\n<h4><b><span data-contrast=\"auto\">Q) Is fire due to an electrical short-circuit covered?<\/span><\/b><\/h4>\n<p><span data-contrast=\"auto\"><b>A) <\/b><\/span>Yes, but only if the resulting fire causes damage. The short-circuit itself (e.g., to internal machinery or circuits) may not be covered unless included under an extension.<\/p>\n<h4><b><span data-contrast=\"auto\">Q) Where can I check if my fire insurance includes all 12 perils?<\/span><\/b><\/h4>\n<p><span data-contrast=\"auto\"><b>A) <\/b>You should review your <\/span><b><span data-contrast=\"auto\">policy schedule<\/span><\/b><span data-contrast=\"auto\"> and <\/span><b><span data-contrast=\"auto\">coverage document<\/span><\/b><span data-contrast=\"auto\"> or contact your insurance advisor or insurer to verify included perils and exclusions.<\/span><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><br \/>\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [{\n    \"@type\": \"Question\",\n    \"name\": \"What is a Standard Fire and Special Perils Policy (SFSP)?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"A Standard Fire and Special Perils Policy is an insurance product that provides financial protection against losses or damages to property caused by fire and 11 additional named perils such as floods, riots, and lightning.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"What are the 12 perils covered under standard fire insurance?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"The 12 perils include:\nFire\u00a0\nLightning\u00a0\nExplosion\/Implosion\u00a0\nAircraft Damage\u00a0\nRiot, Strike, and Malicious Damage (RSMD)\u00a0\nStorm, Cyclone, Tempest, Typhoon, Hurricane, Flood, Inundation\u00a0\nImpact Damage\u00a0\nSubsidence and Landslide\u00a0\nBursting or Overflowing of Water Tanks, Pipes\u00a0\nMissile Testing Operations\u00a0\nLeakage from the Automatic Sprinkler System\u00a0\nBush Fire\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"Are earthquakes covered under the Standard Fire Policy?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"No, earthquakes are not covered under the standard policy. You need to purchase an add-on (rider) for earthquake coverage.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"What is excluded from a Standard Fire Insurance policy?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"Common exclusions include:\nWar or nuclear risks\u00a0\nWillful negligence\u00a0\nPollution or contamination\u00a0\nElectrical\/mechanical breakdown\u00a0\nTheft\u00a0\nConsequential losses\u00a0\nForest fires (unless explicitly covered)\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"Can I customize the Standard Fire Policy with additional coverage?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"Yes. You can include optional riders such as:\nEarthquake cover\u00a0\nTerrorism cover\u00a0\nForest fire cover\u00a0\nArchitect and surveyor fees\u00a0\nDebris removal\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"Who should buy a Standard Fire and Special Perils Policy?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"This policy is ideal for:\nBusiness owners\u00a0\nFactory and warehouse managers\u00a0\nShop owners\u00a0\nHomeowners\u00a0\nInstitutions and schools\u00a0\nAnyone who owns physical property or valuable assets should consider this policy.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"What is the claim process under this policy?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"In case of damage or loss:\nInform your insurer immediately.\u00a0\nSubmit photos, documents, and proof of ownership\/damage.\u00a0\nCooperate with the insurer\u2019s surveyor for inspection.\u00a0\nReceive a claim settlement based on policy terms.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"What is RSMD in fire insurance?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"RSMD stands for Riot, Strike, and Malicious Damage. It covers property damage due to violent public disturbances or intentional harm caused by a third party.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"Is fire due to an electrical short-circuit covered?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"Yes, but only if the resulting fire causes damage. The short-circuit itself (e.g., to internal machinery or circuits) may not be covered unless included under an extension.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"Where can I check if my fire insurance includes all 12 perils?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"You should review your policy schedule and coverage document or contact your insurance advisor or insurer to verify included perils and exclusions.\"\n    }\n  }]\n}\n<\/script><br \/>\n<b>About The Author<\/b><\/p>\n<p><strong>Shivani<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">MBA Insurance and Risk<\/span><\/p>\n<p><span style=\"font-weight: 400;\">She has a passion for property insurance and a wealth of experience in the field, Shivani has been a valuable contributor to SecureNow for the past six years. As a seasoned writer, they specialize in crafting insightful articles and engaging blogs that educate and inform readers about the intricacies of property insurance. <\/span><span style=\"font-weight: 400;\">She brings a unique blend of expertise and practical knowledge to their writing, drawing from her extensive background in the insurance industry. Having worked in various capacities within the sector, she deeply understands the challenges and opportunities facing property owners and insurers alike.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What does it cover? A Standard Fire Insurance Policy (also known as a Standard Fire and Special Perils Policy) protects physical assets\u2014like buildings, machinery, stock, and plant\u2014from fire and 11 additional named perils.\u00a0 Key Takeaways &#8220;Fire&#8221; has a specific definition: In insurance, a &#8220;fire&#8221; must involve actual ignition (a flame). Damage from just high heat [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_lmt_disableupdate":"no","_lmt_disable":"no","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[988,6],"tags":[45,193,526],"class_list":["post-1634","post","type-post","status-publish","format-standard","hentry","category-importance-property-insurance","category-property-insurance","tag-fire-insurance","tag-property-insurance","tag-commercial-insurance"],"acf":[],"modified_by":"SecureNow","_links":{"self":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/1634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/comments?post=1634"}],"version-history":[{"count":19,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/1634\/revisions"}],"predecessor-version":[{"id":35149,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/1634\/revisions\/35149"}],"wp:attachment":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/media?parent=1634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/categories?post=1634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/tags?post=1634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}