Fire / Property Insurance

PROPERTY

MAAGAP protects your property

EARTHQUAKE
a. Earthquake fire-This covers th property insured under the standard fire policy against loss of damage caused by a fire that occurs as a result of an earthquake.
b. Earthquake shock – This covers the property insured under the standard fire policy against loss or damage caused by an earthquake, whether or not a fire occurs as a result of the earthquake.

TYPHOON
Typhoon as defined by the Weather Bureau, is an event, having a maximum wind velocity of 64 knots or more.  It is a requirement for the typhoon cover that the building to be insured must be completely enclosed with roof.  Damage to the contents or interior of the building is covered only if there is an external damage to the building.

FLOOD
a. By reason of an extraordinary high tide, or
b. Following typhoon, cyclone, and/or windstorm, or
c. Due to the bursting or overflowing of rivers, reservoirs, canals and the like but excluding: bursting of water tank or pipes and backing up of sewers or drains, etc.

Flood as defined as the entry of water into the premises insured, from without, due to the inundation of land not usually covered by water,
a. By reason of an extraordinary high tide, or
b. Following typhoon, cyclone, and/or windstorm, or
c. Due to the bursting or overflowing of rivers, reservoirs, canals and the like but excluding: bursting of water tank or pipes and backing up of sewers or drains, etc.

EXTENDED COVERAGE
This endorsement to a standard policy extends the basic cover to include loss of or damage to then insured property caused by:
1. Explosion
2. Vehicle Impact
3. Falling Aircraft
4. Smoke

RIOT STRIKES AND MALICIOUS DAMAGE

This covers loss or damage directly caused by:
1. Strikers and locked out workers
2. Persons disturbing the peace
3. Lawful authorities acting to suppress and prevent the disturbance

Riot may be defined as a tumultuous disturbance of peace by three or more persons assembling together with mutual intent to assist each other against any who will oppose them.

INDUSTRIAL ALL RISK (IAR)

COMMERCIAL ALL RISK INSURANCE (COMMAR)

BUSINESS INTERRUPTION AND/OR CONSEQUENTIAL LOSS INSURANCE

DETERIORATION OF STOCK (DOS)