They say fire is the worse than a thief. It can quickly consume everything you have, even your loved ones. Don’t let fire what you built. You have the choice to ensure that your assets are safe and secure. Protect your home. Protect your family.
AFPGEN can guarantee to give you the peace of mind which you deserve. We have available Property Insurance protections at very affordable premium rates.
The standard Fire Insurance Policy covers against accidental fire and lightning incidents to buildings and facilities, and those exposed to perils such as typhoon, flood, earthquake, riot or strike, robbery and burglary.
The following property can be covered:
- Buildings/structures (complete or under construction) used primarily as dwelling units, quarters, row houses, townhouses, condominiums, schools, churches, offices, hospitals, retail stores, department stores, cinemas, used as storage of goods and merchandise, used as workshops, factories and plants.
- Structure not attached to the building, part owner or joint owner of property
- Residential, Commercial and Industrial contents and also the leasehold improvements and betterments (especially for unit owners), business and household appliances, kitchen utensils, furniture, fixtures and fittings, personal effects and belongings of every kind and description (excluding cash & jewelry), books machinery, equipment, spare parts, accessories and tools
- Motor vehicles whilst contained in the building
Fire Insurance can be extended to cover the following Special Perils
- Earthquake Fire/Shock
Earthquake Fire covers the insured property against direct loss or damage caused by fire following an earthquake, while Earthquake Shock covers against loss or damage (other than fire) occasioned by or through or in consequence of earthquake.
The term Typhoon shall be understood to mean a Typhoon or Storm as recorded by the Weather Bureau. It exists when the maximum wind velocity is 50 knots or over (about 90 kilometers per hour near the center).
Covers direct loss or damage to the insured property due to the entry of water into the premises insured, from without, due to the inundation of land not usually covered by water; by reason of an extra ordinary high tide; or by following typhoon or due to the bursting or overflowing of rivers, reservoirs, canals and the like.
- Extended Coverage
Loss or Damage directly caused by explosion, aircraft, vehicle and smoke shall be covered only by incorporation in, or endorsement upon, the policy covering the ordinary Fire risk.
An explosion may occur without fire, in which event all the damage will be concussion damage; or it may occur with fire preceding or ensuing, when some of the damage will be concussion damage and some fire damage. Under this endorsement coverage is limited to loss or damage to the property insured by fire or otherwise directly caused by explosion, but excluding loss of or damage to boilers, economizers, or other pressure vessels, machinery or apparatus in which pressure is used or their contents resulting from their explosion.
- Vehicle and Aircraft
The term “Vehicle” as used in the policy endorsement means vehicles running on land or tracts and loss shall include only direct loss resulting from actual physical contact of a vehicle with the property covered or the building containing the property covered. Coverage is limited to those caused by third parties and excludes vehicle owned or operated by the insured or by any tenant of the described property.Loss by “Aircraft” shall include only direct loss resulting from actual physical contact of an aircraft with the property covered or the building containing the property insured and also includes direct loss by objects falling therefrom.
The term “Smoke” as used in the policy endorsement means only smoke due to a sudden, unusual and faulty operation of any heating or cooking unit, only when such unit, is connected to a chimney by a smoke pipe, or by a vent, and while in or on the premises described in the policy, excluding however, smoke from fireplaces or industrial apparatus.
- Riot and Strike & Malicious Damage
Covers direct loss or damage caused by strikers, or locked-out workers including wreckage and looting.Loss of or damage to the insured property directly caused by the malicious act of any person (whether or not such act is committed in the course of a disturbance of the public peace).Protect yourself and your property before it’s too late. Get your Fire Insurance now!