Homearrow-4 Products & Servicesarrow-4 Non-Life Insurancearrow-4 Fire Insurance

 

FIRE AND ALLIED PERILS - product banner.jpg

 
   AT A GLANCE

  • An insurance plan that provides indemnity against physical loss or damage caused by fire and lightning.

  • Types of buildings covered: RESIDENTIAL, COMMERCIAL, WAREHOUSE and INDUSTRIAL.

  • For an added premium, your policy can be extended to cover against additional natural disasters such as TYPHOON, FLOOD, EARTHQUAKES, and more.
 
When disasters occur, there is very little in your control. What is in your control is what preventive measures you take to protect your properties before disasters strike. Guard your home, business and other valuable assets against fire and lightning and other named perils. Fire insurance provides indemnity against physical loss or damage caused by fire and lightning to properties like buildings, stocks in trade, machinery and equipment, household fixtures, furniture and appliances, and personal effects. Rest assured with Paramount’s FIRE Insurance plan; that in the event of a disaster, whether caused by fire or other perils, the value of your property is not lost.
 
    TYPES OF BUILDING OCCUPANCY
 

Residential

  • Building(s) used as dwelling, townhouses and condominiums.

Commercial

  • Building(s) used as retail stores, hospitals, churches, restaurants, shopping malls, department starts, and other trading operations.

Warehouse

  • Building(s) used as storage for goods or stocks in trade.

Industrial

  • Building(s) used as factories and other manufacturing functions.
       EXTENSIONS
   

We know that fire is only one of the many natural disasters that can cause destruction and loss. For an added premium, your policy can be extended to include coverage against:

  • Earthquake Fire/Earthquake Shock.
  • Typhoon.
  • Flood.
  • Smoke Damage.
  • Vehicle Impact.
  • Falling Aircraft.
  • Broad Water Damage.
  • Sprinkler Leakage.
  • Bursting of Water Tanks and Pipes.
  • Landslides/Subsidence.
  • Spontaneous Combustion.
  • Robbery/Burglary.