Home policy protects the individual’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:
Building.
Plant & Machinery, Equipments & Accessories.
Stocks
Furniture, Fixtures and Fittings
Household goods etc.
This policy covers damage to the insured’s property due to the following named perils:
Fire
Explosion
Aircraft
Earthquake or Volcanic Eruptions
Storm and Tempest
Flood
Escape of water from any tank, apparatus or pipes
Impact by any road vehicle or animal
Theft
This policy can be extended to cover loss of profit following the interruption of business activity due property damage.