FIRE INSURANCE
Insurance that answers for loss or damage to property caused by Fire and/or Lightning. Coverage also includes Earthquake, Typhoon, Flood, Volcanic Eruption, Explosion, Vehicular Impact, Falling Aircraft and/or Objects therefrom, Smoke, Malicious Damage, Riot, Strike, Civil Commotion, Terrorism and Burglary
What can be covered :
Building and Improvements
Machinery and Equipment
Stocks, Supplies and Other Contents
Loss of income / Business Interruption
ENGINEERING INSURANCE
All-risk insurance that answers for loss and damage in the course of constructing buildings, roads or bridges, or in erecting, installing or operating machinery and equipment, subject to certain exclusions.
Types of coverage are:
- Contractor’s All-Risk Insurance (CARI)
- Erection All-Risk Insurance (EAR)
- Machinery Breakdown Insurance (MBI)
- Boiler and Pressure Vessel Insurance (BPV)
- Electronic Equipment Insurance (EEI)
