TYPES OF FIRE INSURANCE: The fire insurance policy has been renamed as Standard Fire Special Perils Policy.

The Standard Fire Policy covers the following hazards: 1. FIRE: This usually excludes : Destruction or damage to the property caused by its own fermentation, natural heating, or spontaneous combination, or It is undergoing any heating or dying process, or Burning of any property insured by order of any public authority. 2. EXPLOSION/ IMPLOSION: Explosion is defined as a sudden violent burst with a loud report. An implosion means bursting inside or inward or collapse. 3. LIGHTNING: It may result in the fire damage or other type of damage such roof broken by a falling chimney struck by lightning, or cracks in the building due to lightning strike. 4. IMPACT DAMAGE: Impact damage by any rail/road vehicle or animal by direct contact with the insured property is covered. However such vehicle or animals should not be occupied or belong to the insured owner of their employees while acting in the course of their employment. 5. STROMS, CYCLONE, TYPHOONS, ETC.: These are all various types of violent natural disturbance that are accompanied by thunder or strong winds or heavy rainfall. 6. SUBSIDENCE AND LANDSLIDE INCLUDING ROCKSLIDES: Destruction and damage caused by subsidence of part of the site on hich the property stands or landslides/ rockslides is covered. 7. RIOTS, STRIKE, & TERRORISM DAMAGE: The act of any person taking part along with others in any disturbance of public peace other than war or civil commotions is constructed to be a riot, strike or terrorism attack. 8. MISSILE TESTING OPERATION: Destruction and damage caused due to impact or otherwise from projectiles in connection with missile testing operations by the insured or any one else is covered. 9. AURCRAFT DAMAGE: The loss or damage to the property (by fire or otherwise) directly caused by aerial devices & articles dropped from there is covered. However destruction or damage resulting from pressure waves caused by aircraft traveling at supersonic speed is excluded from the scope of policy.