Fire & Allied Perils


The Policy covers all properties on land (excluding cost of land), moveable or immoveable, at various locations against fire and named perils.


  • The Fire Policy is an annual policy, generally, renewable each year.
  • The Fire Policy can be cancelled at any time during the period of coverage with suitable refund of premiums for any unexpired period.


Any person / firm / organisation / institution who may suffer financial loss as a result of fire and allied perils. They may be broadly categorised as:

  • Owners of Building and contents such as house hold articles, furniture etc.
  • Shop Keepers
  • Educational/ Research Institutions
  • Hotels, Boarding and Lodgings, Hospitals, Clinics or such service providers
  • Industrial and Manufacturing Firms
  • Godown Keepers
  • Bailees, Lessor, Lessee, Banks, Financial Institutions, Mortgagors, Mortgagees
  • Traders in stocks
  • Trustees, Charitable Institutions
  • Transporters and C & F Agents


All moveable/ immoveable properties of the proposer on land (excluding those in transit) broadly categorised as follows:

1. Building (including plinth and foundations, if required):

  • Whether completed or in course of construction (excluding the value of land)
  • Interiors, Partitions and Electricals

2. Plant & Machinery, Equipments & Accessories (including foundations, if required):

  • Bought Second hand
  • Bought New
  • Obsolete Machinery

3. Stocks:

  • Raw Material
  • Finished Goods
  • In process
  • In trade belonging to Wholesaler, Manufacturer and Retailer

4. Other Contents such as:

  • Furniture, Fixtures and Fittings
  • Cables, Pipings
  • Spares, Tools and Stores
  • Household goods etc.

5. Specific Items such as:

Bullion, unset precious stones, curios, work of arts, manuscripts, plans, drawings, securities, obligations or documents, stamps, coins or paper money, cheques, books of accounts, computer system records.


  • Fire
  • Lightning
  • Explosion / Implosion
  • Aircraft damage
  • Riot, Strike, Malicious damage (hereinafter called RSMD Perils)
  • Storm, Tempest, Flood, Inundation, Hurricane, Cyclone, Typhoon and Tornado
  • Impact by any Rail/ Road vehicle or animal
  • Subsidence / Landslide including rockslide
  • Bursting and / or overflowing of water tanks, apparatus
  • Leakage form Automatic Sprinkler Installation
  • Pollution or contamination resulting from any of the above perils
  • Any insured peril resulting from pollution and contamination
  • Bush Fire


The policy automatically covers the following expenses incurred following loss / damage / destruction of a covered property as a result of insured fire and allied perils.


Losses/ Expenses not covered include:

  • 5% of each and every claim subject to minimum of Ugshs 100,000 resulting from fire and allied perils.
  • 2.5 % of the sum insured for claims resulting from earthquakes.
  • Expenses incurred on Architects, Surveyors’ Consultant Engineers fees and Debris Removal.
  • Loss of earnings, loss by delay, loss of market or other consequential or indirect loss or damage of any kind.
  • Loss of or damage to property occasioned by its own fermentation, natural heating or spontaneous combustion or its undergoing any heating or drying process.

Perils not covered include:

  • War and allied perils
  • Ionising radiations and contamination by radioactivity
  • Pollution or Contamination

Properties not covered include:

  • Items like manuscripts etc. unless specifically declared.
  • Cold storage stocks due to change of temperature.
  • Loss / damage/ destruction of any electrical and/or electronic machine,apparatus, fixture or fitting arising from over running, excessive pressure, short circuiting, arcing, self heating or leakage of electricity from whatever cause including lightning.
  • Loss / damage / destruction of Boilers, Economisers or other Vessels in which steam is generated machinery or apparatus subject to Centrifugal force, by its own explosion/ implosion.


  • The proposer shall describe all locations where the properties are built or installed or stored or kept at the inception.
  • Any change of location of risk shall be covered on intimation of such change.
  • Change of ownership in the insured property shall be intimated so that the new owner may be covered by means of suitable endorsement.
  • Any material change in the location of risk, trade or manufacturing activities shall be intimated to the insurer so that the changes are endorsed to offer continuous cover.

Note: Policy details given are indicative, not exhaustive. Please contact your nearest FICO office for further details.