Fire & Allied Perils
Wethaq Takaful Insurance – Egypt provides coverage to your property; its structures and features against damage caused by fire and named perils.
Fire Insurance policy
-Provides the protection to the property and contents against the losses and/or damages resulting from: Fire and/or Lightning, Self-ignition, Fire following explosion, Explosion including Boiler steam machines explosion, engines and other machines and installations, strikes / riots and civil commotions, Natural Hazards (Earthquake, Storm tempest, Flood, Volcanic Eruption), Impact by land vehicles, Aircraft & any articles dropped there from, Overflow of fresh water tanks, Bursting or overflowing of water pipes, Overflow of water from damaged automatic sprinkler installations due to fire, Removal of debris, Loss of profit due partial or total loss resulting from fire.
The insurance coverage can also be extended to include some other risks (allied perils) resulting from: Loss of rent due to fire accident covered under the policy.
Third Party Liability.
Hotel All Risks Insurance policy
Provides a Comprehensive all risks policy for Hotels and resorts which include the following main Coverage: Burglary / Burglary by forcible entry, Fidelity Guarantee, safe burglary and Cash in Transit from the hotel to banks or vice versa, Glass breakage, General Third Party Liability, Machinery Breakdown, Deterioration of stock.
Property All Risk policy
This policy covers all risks of physical loss, destruction or damage to the insured property which occurred during the policy’s period and is subject to certain terms, conditions and exclusions. This policy provides a wider coverage range than the Fire and Allied Perils insurance policy.
The following extensions are available under the Property All Risks Insurance Policy:
-Loss of profits business interruption
-Loss of rent
-Third party legal liability including the landlord's liability towards tenants and the tenant's liability towards the landlords
-Strikes, riots & civil commotions
-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
Industrial All-Risk Policy (IAR)
This policy covers damage to all types of fixed assets from all unforeseen circumstances except for those defined in “Exclusions” caused by:
Group A: Fire and Allied Perils
Fire and/or Lightning, Self-ignition, Boiler Explosion, Natural hazard like floods, storms, Earthquake, Riot & Strikes, Impact by land vehicles, aircraft & any articles dropped there from
Group B: General Accidents Risks
Burglary/ Burglary by forcible entry, Fidelity Guarantee, Cash in Transit, Glass breakage
Group c: Liabilities Risks
Third party legal liability
Group d: Engineering Risks
Machinery Breakdown, Deterioration of stock.
Group E: Loss of revenue Risks
Loss of revenue due to any of the risks mentioned above.
Mortgage Insurance policy (Buildings Only)
This policy indemnifies the insured for Building collapses, cracking, partial or total demolition, due to unforeseen reasons, which results in the inability to use the property.
Pharmacy Insurance Policy
This policy covers:
Fire and/or Lightning, Self-ignition, Allied Perils, Natural hazard like floods, storms, Earthquake, Riot & Strikes, Impact by land vehicles, aircraft & any articles dropped there from
Pharmacist's Professional Indemnity (material damage and bodily injuries)
Political Violence Insurance
This policy covers against damage caused by political risks, such as war & terrorism.
Physical loss or physical damage to the buildings and contents which belong to the Insured caused by: Act of terrorism – sabotage – riots, strike and/or civil commotion – war and/or civil war
Expenses incurred by the Insured in the removal of debris directly caused by any one or more of the covered causes of loss.
The insurance company hereon shall not be liable for more than the policy limit in respect of any one occurrence and in aggregate during insurance duration.