Fire and Property Insurance

Overview

Fire and Property Insurance provides financial protection for residential, commercial, and industrial properties in the Philippines against losses caused by fire, natural disasters, theft, and other unforeseen events. It ensures that property owners and businesses can quickly recover from damages, continue operations, and protect valuable assets.

Who Should Be Covered?

  • Homeowners and condominium unit owners

  • Renters and residential tenants

  • Business owners, SMEs, and industrial facilities

  • Commercial property owners and landlords

  • Contractors and project owners

  • Institutions required to meet regulatory or contractual insurance requirements

Scope of Coverage

1. Property Damage Coverage

  • Fire, lightning, and explosion
  • Damage to buildings, contents, and equipment

2. Natural Disaster Coverage

  • Typhoon, flood, earthquake, and volcanic eruption
  • Landslide and storm surge (subject to policy terms)

3. Theft and Burglary

  • Loss or damage due to forced entry or robbery
  • Coverage for insured contents and valuables

4. Business Interruption

  • Loss of income due to insured property damage
  • Fixed expenses during temporary business closure

5. Optional and Specialized Coverages

  • Machinery breakdown
  • Plate glass, electronic equipment, and boiler insurance
  • Contractors’ All Risks (CAR) and Erection All Risks (EAR)

Key Features

  • Comprehensive coverage for homes, businesses, and industrial properties

  • Protection against common Philippine hazards and natural calamities

  • Customizable policies based on property type, location, and usage

  • Compliance with bank, lease, and regulatory insurance requirements

  • Nationwide claims and service support

Benefits of Fire and Property Insurance

  • Financial protection against major repair or replacement costs

  • Reduced impact from natural disasters, accidents, or theft

  • Business continuity and income protection for commercial clients

  • Peace of mind for homeowners, business owners, and investors

  • Safeguards assets, operations, and legal responsibilities

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Why Choose Fire and Property Insurance?

  • Protection Against Philippine Risks – Coverage for fire, floods, typhoons, earthquakes, and other common local hazards.

  • Financial Security for Major Assets – Helps cover costly repairs or replacements for homes, offices, and industrial facilities.

  • Business Continuity Assurance – Supports businesses by covering income loss and fixed expenses during property disruptions.

  • Liability Protection – Provides coverage for third-party property damage caused by your insured property.

  • Compliance with Local Requirements – Meets bank, lease, and regulatory insurance mandates in the Philippines.

  • Customizable Coverage Options – Policies can be tailored to property type, location, and exposure to risks.

  • Peace of Mind for Owners and Operators – Ensures faster recovery and reduces financial stress after unexpected losses.

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