Property Insurance:
Plan for the unexpected. If you having a property whether a home, condo or a business building that you have spent priceless years of your life seeking, is now worth ensuring with Insuria to help pay for repairs, replacement costs and extra living expenses if something happens to your home. Fire, wind, hail, lightning, theft—you're covered. You'll just have to pay your deductible, and your homeowners insurance policy takes care of the rest.
We offer both buildings insurance and contents insurance. In addition to our standard cover, we provide optional policy features which you can add to your policy for an additional cost. This way you can tailor the cover to suit your particular needs and budget.
Property Fire & Allied Perils Insurance:
This policy covers any damages resulting from Fire & Lightning or fire results from thunderbolt or fire following Explosion or Spontaneous Combustion.
Allied perils cover any damages resulting from the below perils:
- Explosion including boiler explosion.
- Earthquake, Storm tempest, Flood, Volcanic Eruption.
- Impact by land vehicles.
- Burst out and overflow of water pipes, tanks and apparatus.
- Bursting or leakage of water from any Automatic sprinkler installation
- Aircraft & any articles dropped there from.
- Strike, riots and civil commotion (SRCC)
- Burglary
Comprehensive policy that designed especially for factories and hotels that including the above perils Plus the below risks:
- Machinery breakdown
- Deterioration of stock inside the cold stores resulting from Machinery breakdown
- Fidelity grantee
- Cash in transit
- General Third part liability
- Debris Removal.
- Business interruption
The premium is calculated per mill percentage according to the type of activity.
Property Political Violence Insurance:
INSURIA offers insurance for assets that are exposed to war, terrorism and political violence attacks. We help companies navigate through dynamic, complex and ever-changing global threats while considering the implications of legislation.
COVERAGE
- Act of Terrorism
- Sabotage
- Riots, strikes and civil commotion (SRCC)
- Malicious Damage
- Insurrection, Revolution or Rebellion
- Mutiny and/or Coup d’état
- War and civil war
- Employee and general terrorism liability
Additional coverage extensions include:
- Looting and pillaging
- Terrorism liability
- Contingent business interruption (CBI) extensions (denial of access, customers and suppliers, public utilities)
- Bomb hoax
CLIENT PROFILES
Clients needing war, political violence or terrorism insurance coverage, ranging from small companies with single asset exposure to multinational companies with global exposure, including:
- Real estate
- Offices and banks
- Power and utilities
- Chemical and pharmaceutical
- Energy - oil and gas
- Construction and mining
- Hospitality
- Transport
Property All Risk Insurance:
Property All Risks policy provides you with a broader coverage than Fire & Allied Perils Policy. This insurance policy covers accidental loss or damage to your insured property. The scope of cover is limited by a set of exclusions.
What is the difference between Property All Risk and Fire & Named Perils?
Major differences: Property All Risk covers claims resulting from direct or indirect damage to the property; whereas the Fire & Allied Perils policy covers claims resulting from a direct damage only such as a direct damage of a thunderbolt to the property and not fires due to a thunderbolt hit on the main electrical supply of the neighbourhood.
The Property All Risk policy covers can be extended, in addition to the fire and allied perils policy to include:
- Forest Fires
- Burglary by forcible entry
- Hold Up
- Accidental Damages to property
- Strikes / Riots and Civil Commotions
- Loss of profits business interruption
- Loss of rent
- Third party legal liability including the landlord's liability towards tenants and the tenants liability towards the landlords
- Malicious damage
- Accidental damage to plate glass fixed to the building
- Expenses incurred on removing debris following the loss or damage of the insured property
- Fire brigade charges and extinguishing expenses
- Architects, surveyors, legal and consulting engineering fees
Exclusions:
The Property All Risk policy has a specific list of excluded risks whereas the Fire and Allied Perils policy has a specific list of the covered risks. Some of the important exclusions are:
- Electrical, mechanical breakdown
- Deterioration of property due to change in temperature or humidity or inadequate air-conditioning, cooling or heating system.
- Subsidence, ground heave, land slip, erosion, settling or crack-ins.
- Damage to equipment during installation or dismantling operations.
- Property in course of construction or erection.
- Property in course of manufacture.
- Money, cheques, securities of all kinds etc.
- Contamination, pollution, wear and tear, corrosion.
- Loss resulting from dishonesty, fraudulent action, infidelity.
Kindly note that the list above is not exhaustive. In order to get the full details of the coverage, please contact us to send you the policy wording.
Most love us! And we think you will too
It's not just because they save hundreds when they get an Property insurance quote. It's because we're always working to find more discounts, provide 24/7/365 customer support and when you need us the most, we'll guarantee your home repairs.
What risks are (or are not) covered by Property insurance?
Most Property insurance policies provide four basic types of coverage. These include insurance coverage for your Property's structure, insurance for your personal belongings, liability protection, and insurance for additional living expenses (in case a fire or other insured disaster makes it so you are temporarily unable to live in your home).
What many people do not realize is that there are some risks that are not covered by a standard Property insurance policy. These may include flood, earthquake, coverage for high-value belongings, and other risks. In these cases, your Insuria insurance agent can add endorsements to your home or Property insurance policy to give you the additional coverage you need. This is why it is critical to work with an insurance agent. Rates and availability of endorsements vary between insurance companies. Because of Insuria’s experience with multiple companies—including the top insurance companies in Lebanon—we can compare prices and coverage to make sure you are getting the most for your insurance dollar.
What else is not covered? Insurance companies do not provide coverage for routine wear and tear. But, through regular maintenance and repair inside and outside of your building, you can help prevent problems from arising. This includes keeping your roof in good shape by replacing worn out shingles and replacing appliance water hoses to prevent water damage.