Fire and allied peril policies

A “fire and allied peril” policy, commonly referred to as a fire insurance policy, is a type of insurance coverage that protects against damage caused by fire and other related risks. These policies typically cover damage to property and belongings caused by fires, as well as damage caused by allied perils or hazards that are closely associated with fires, such as:

• Lightning strikes
• Explosion
• Riot or civil commotion
• Malicious damage
• Aircraft or vehicle impact
• Smoke damage
• Damage from firefighting activities (e.g., water damage)

Fire and allied peril policies are essential for homeowners, renters, and businesses to safeguard their properties and assets against the devastating effects of fires and related hazards. Insurance companies offer various types of fire insurance policies tailored to different needs and risks, including basic fire insurance, comprehensive fire insurance, and special perils insurance.