Fire and Allied Perils Insurance
This covers damage to the insured’s building and/or contents in the business premises caused by fire and its allied perils. Other perils covered under fire policy are floods, riot, strike, malicious damage, inundation, earthquakes etc.
INFORMATION REQUIRED FOR ISSUANCE OF COVER:
- Value of Building (On reinstatement value)
- Value of Stock
- Construction Type
- Occupation of Building e.g office
- Location of the Building
Some Exclusions
- Goods held in Trust
- Consequential Loss or damage of any kind or depreciation
- Gross negligence or deliberate or reckless damage or exposure to risk
- War Risks
- Looting/Theft/Burglary
- Securities, obligations or documents of any kind, stamps, coins or paper money, cheques, books of account or other business books, computer system’s records.
Premium and Benefits.
|
Features |
Remarks |
|
|
Events Covered |
Damage to goods due to fire and floods
|
|
|
Sum Insured (Insured Amount) |
Proposed Sum Insured (Bundles) |
Proposed Premium (VAT inclusive) |
|
500,000 |
10,000 |
|
|
1,000,000 |
15,000 |
|
|
2,000,000 |
20,000 |
|
|
3,000,000 |
25,000 |
|
|
4,000,000 |
30,000 |
|
|
5,000,000 |
40,000 |
|
|
7,500,000 |
50,000 |
|
|
10,000,000 |
60,000 |
|
|
Specific Conditions |
|
|
|
Specific Exclusions |
Looting/Theft/Burglary
|
|
|
Additional Cover |
Personal Accident up to Tzs. 500,000
|
|
Basic Documents required for processing a claim
- Simple claim form to be filled by the association
- ID Card (Machinga Card, NIDA or Driving License)
- Introduction letter from the association
Where to Get it.
At NMB Branches which are spread across the country.
