Definition fire and special perils policy is an insurance contract that safeguards the insured against unforeseen contingency caused by accidental fire lightning explosion implosion destruction or damage caused by aerial devices man made perils in the form of riots strike etc natural . Standard fire and special perils insurance policy we understand how youve put a lot of time hard work and considerable money into building up your business we also understand your needs when misfortune strikes when you least expect it. Standard fire special perils policy material damage policy wording 1 in consideration of the insured named in the schedule hereto having paid to sbi general insurance company limited hereinafter called the company the. property insurance what are the 12 perils of standard fire insurance policy 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 the damage of the property goods caused by fire. The reliance standard fire and special perils policy comes with the option of choosing from the following variants floater policy appropriate for stocks at various locations under a single sum insured declaration policy takes care of frequent fluctuations in stock stock values
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