Fire, Special Perils and Theft policy protects the individual’s or corporate’s property (excluding the cost of land) from any loss or damage due to fire, lightening, explosion, theft, water leakage, storm, flood and earthquake.
Example of property:
This policy covers damage to the insured’s property due to the following named perils:
This policy can be extended to cover loss of profit following the interruption of business activity due property damage.