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Property Insurance

Fire and Allied Perils with Loss of Profit

We understand how you have put a lot of time, hard work and considerable money into building up your business. We also understand your needs when misfortune strikes when you least expect it. Almost anything can happen at any time – a short circuit can reduce your assets to ashes, a burst pipe can flood your premises. To help you protect your business against such uncertainties, Solidarity Takaful’s provides one of the best fire and allied perils products in the industry. We take pride in providing with our comprehensive protection backed up by sound financial capability.

While the foregoing covers losses in respect of physical assets, as a consequence of this loss business may suffer from reduction in turnover and the subsequent loss of profits due to the interruption of their activities. Our Loss of profit insurance provides the solution to mitigate this loss. This cover operated in conjunction with the Fire and Allied perils policy as a result of the interruption in the Insured’s business.

Coverage

The policy protects you from financial loss as a result of standard perils which is as follows:

  • Fire
  • Lightning
  • Explosion
  • Aircraft damage
  • Earthquake or volcanic eruption
  • Storm and tempest
  • Flood
  • Impact by any road vehicle or animal.

Property All Risk and Business Interruption

Property and Business are sources of revenue for many in our country. It not only provides income but is also an asset. Solidarity Takaful’s Property All risk covers a wide variety of risks to which your property is exposed which will help you deal with challenges that life throws at you with confidence.

While the foregoing covers losses in respect of physical assets, as a consequence of this loss business may suffer from reduction in turnover and the subsequent loss of profits due to the interruption of their activities. Our Business Interruption insurance provides the solution to mitigate this loss. This cover operated in conjunction with the Property All Risk policy as a result of the interruption in the Insured’s business.

Main Covers

  • Customized options available for the Insured to choose specific additional coverage
  • Clearance and Removal of Debris.
  • Professional, Architects and Surveyors Fee.
  • Property in care, custody and control.
  • Firefighting expenses.
  • Automatic Reinstatement of Sum Insured.
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