This type of policy provides indemnity to the insured in the event of loss or damage to property arising as a direct result of fire, lightning or explosion etc. Other extraneous perils such as social disturbances like strike and riot, natural disasters like storm damage, flood and earthquake are also covered.
Properties to be insured:

The items to be insured are usually made up of the following:

• Buildings, Office furniture, fixtures and fittings
• Loss of Annual Rent for alternative accommodation.
• Bank Facilitated Assets
• Plant and Machinery. 

The policy also contains other extensions that are granted at no extra cost to the policyholder. The replacement cost of the items to be insured will have to be supplied to us for assessment to facilitate quotation of the premium payable. It will be appreciated if you could specify the locations of items to be insured indicating whether they are private premises or in your office premises.