What Is Fire and Special Perils Insurance?

Fire and Special Perils Insurance is a crucial type of property insurance designed to protect physical assets—such as buildings, equipment, inventory, and home contents, from loss or damage caused by fire and a range of other specified risks. These “special perils” are named in the policy and go beyond just fire-related incidents.

What Does It Cover?
The coverage typically includes:

• Fire and lightning
• Explosion
• Storm, flood, and other natural disasters
• Aircraft or aerial damage
• Riot, strike, and malicious damage
• Impact damage (e.g. vehicles crashing into a building)
• Burst pipes and overflowing water tanks
• Earthquake, volcanic eruption, and landslide

This wide coverage ensures that whether it’s a natural disaster or accidental damage, your assets are protected.

Who Needs It?

Whether you’re a homeowner, business owner, landlord, or property manager, this insurance is vital. Any individual or organization that owns or manages valuable physical assets stands to benefit. For businesses, it ensures operations can resume quickly after a disaster. For homeowners, it means your property and belongings are secure against unexpected losses.

Why It Matters?

A single fire, flood, or riot can cause devastating damage, physically and financially. Without the right coverage, recovery can be slow and costly. Fire and Special Perils Insurance provides the financial backup needed to repair, rebuild, or replace what’s been lost, allowing you to bounce back with minimal disruption.

Protect Your Property the Smart Way

A single fire, flood, or riot can cause devastating damage, physically and financially. Without the right coverage, recovery can be slow and costly. Fire and Special Perils Insurance provides the financial backup needed to repair, rebuild, or replace what’s been lost, allowing you to bounce back with minimal disruption.