Fire insurance inclusions and exclusions are cited in every policy contract. But as your third party fire insurance partner, Damanak aims to eliminate possible confusions and misunderstandings between you and your policy provider.

Basically, key terms and conditions are not the same for every policy, but as a general rule, you must provide an estimation of your company’s property and asset value for underwriting purposes. In the event that you fail to state real values and a fire incident arises, you may be subject to cover the difference, or the excess expenditures from your stated property value.

For clarity, always read your contracts and seek help from our trusted financial advisors.

In most standard plans, fire insurance protection does not provide coverage for the following:

• Civil War, War, Riot and any act of Terrorism
• Volcanic eruption, earthquake, environmental convulsion
• Nuclear energy and radioactive risks
• Loss due to theft either during or after the fire incident
• Loss or damage due to natural spontaneous combustion
• Atmospheric disturbances such as tornado, typhoon, cyclone, and hurricane
• Subterranean fire
• Other incidents stated in your policy

Online insurance applications for fire protection require documents that serve as proof of eligibility, including the following:

• Emirates ID card
• Business registration
• Statement of an estimated company property value
• A "no claims" certificate in case you want to avail the no claims discount