Fire Takaful

Fire and Allied Perils Takaful provides comprehensive coverage against all risks to make lives and businesses secure. Fire Takaful provides compensation to the covered person or firm in the event of damage to property. This fire Takaful covers the loss or damage to your property caused by fire, lightning and explosion.

Fire Takaful offer standard Fire and allied perils coverage as under:

  • Fire and Lightning
  • Explosion
  • Riot and Strike Damage
  • Malicious Damage
  • Earthquake (Fire and Shock)
  • Atmospheric Disturbance
  • Aircraft Damage
  • Impact damage

Optional Covers

  • Burglary
  • Electrical Clause ‘B’

Fire Consequential Loss Takaful

Fire Takaful will only cover physical loss or damage to the property cover but does not cover loss of profit arising from such physical damage.

This Fire Consequential Loss coverage is valid during the period of interruption:

  • Continuing overhead expenses
  • Increase in cost of working
  • Loss of net profit
  • Wages of employees

This coverage does not become operative unless the material damage claim is paid or liability is admitted in respect of such damage.

Therefore, it is important to ensure that the scope of cover under both the Material Damage (e.g. Fire takaful) and Loss of Profits takaful are identical.

Consequential Loss takaful may not be issued unless Fire takaful with scope of cover is also taken from the same Takaful Operator.