| When you bought a residential property, the financing | | | | than just fire damage. Some of the perils include; |
| bank will require you to insure the building at least | | | | |
| with a basic Fire Insurance policy to protect the bank | | | | 1. Earthquake and Volcanic eruption |
| interest as well as you the owner's interest. Fire use | | | | 2. Windstorm damage |
| to pose the highest treats for property insurance as | | | | 3. Flood |
| every year, billions of dollars has been lost due to fire | | | | 4. Water Damage due to bursting of domestic water |
| damage. However, in recent years, due to climatic | | | | tank, apparatus and pipe |
| changes which caused the occurrence of many | | | | 5. Riot, strike and civil commotion |
| naturally disasters in many parts of the world and | | | | 6. Malicious damage |
| destroyed billions worth of properties and death of | | | | 7. Impact damage by vehicle |
| many lives, people are more conscious on many | | | | 8. Aerial damage |
| others perils or risks that can damage or destroy | | | | 9. House breaking and theft |
| that property other than fire. | | | | 10. Bush and forest fire, etc etc |
| A basic fire insurance policy will not compensate the | | | | These comprehensive indemnify you on your losses |
| owner in the event of any damages done due to the | | | | cause by these insured perils and not necessarily |
| perils other than fire, so in order to protect your | | | | related with or caused by fire. If your property is |
| property again all these natural and man made | | | | situated in an area that prone to such occurrence, |
| disasters. You need to arrange a more | | | | you might w ant to consider arranging such a |
| comprehensive insurance policy to properly protect | | | | comprehensive cover to give you piece of mind. |
| your property again all these risks. There are | | | | Again, always buy your insurance from a reliable and |
| insurance companies which package many of their | | | | qualified insurance consultant and if in doubt, check |
| perils with fire policy to provide their policy holder a | | | | with the authority concerns. |
| wider and more comprehensive cover and protect | | | | |