Fire Inusrance

Fire insurance is one of the oldest types of insurance; its importance extent is that much where we cannot find any property without coverage of fire insurance in developed countries.  Fire Insurance is used to cover damage to a property caused by fire and is designed to cover the cost of replacement. Under this policy Afghan National Insurance Company covers the expenses of calamities and damages of casualties of the accident that had been occurred by,(electricity circuit shortage , gas cylinder explosion and other accidents) for both business and residential areas with high coverage in case of accidents occurrence. 

Fire Insurance coverage: Fire Insurance policy covers the losses due to following perils

Intense fire out of control ,Electricity short circuit ,Thunder and lightning (whether there be fire flame or not) ,Gas explosion and fire due to other incendiary objects.In addition to the above perils, there are some sub-perils which have been added to fire insurance policy during the last four decades. It should be noted that the sub-perils will be cover by fire insurance policy if there be further payment.

  • Chemical perils (explosion of chemical materials, Spontaneous Combustion etc.)
  • Natural perils (earthquake, flood, storm etc.)
  • Social perils (assassinations, riots, strike etc.)
  • Miscellaneous Perils

Compensation: Afghan National Insurance Company has the commitment for compensation of damages and losses caused by fire due to incidents according to fire insurance policy for the maximum number of fire incidents during one year.The maximum amount of compensation will be equal to sum insured amount which has mentioned in fire policy.

Evaluation of Premium:

  • Premium evaluation is as per the following characteristics
  • Value of building and number of floors
  • Types of building according to its construction materials (full concrete, concrete with burnt bricks, burnt bricks with timber, mud bricks with timber etc.)
  • Value and availability of building’s appliances (Furniture, fixtures, machineries etc.)
  • Building location and aerial vulnerability
  • Anti-Fire Systems availability (Smoke detectors, fire extinguisher, etc.)e