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Property Insurance

Material Damage
Protection of your property such as building, fixtures and contents against loss or damage due to fire and other insured perils.

Business Interruption
Protection against loss of profit, overhead expenses, employees' wages and salaries and increase cost of working resultant to the loss or damage to insured property due to perils covered by us.


Fire and Extraneous Perils

Covers the loss or damage to the insured property due to:

  • Fire
  • Aircraft damage
  • Bursting or overflowing of water tanks, apparatus or pipes
  • Earthquake, volcanic eruption, hurricane, cyclone, typhoon and windstorm and flood arising therefrom
  • Full flood
  • Explosion
  • Impact by road vehicles
  • Riot and strike
  • Malicious damage

All Risk

Covers accidental loss of or damage to the insured property unless otherwise specifically excluded in the policy.

Machinery & Equipment

Covers the reinstatement or repair of the lost or damaged Machinery and Equipment caused by any of the Contingencies.

Consequential Loss

Covers the indemnity of any interruption in the business caused by a material loss or damage to the property due to fire.

Basis Of Sum Insured:

Property Damage
Sum insured can be arranged as follows:

  1. Indemnity Basis: Represent the depreciated value of the property Insured
  2. Reinstatement Value/Replacement Value (Excluding Stock): Cost of reinstating or replacing of the same kind or type but not superior when new

Business Interruption
Gross profit: (Turnover + Closing stock) – (Purchases + Uninsured working expenses + Opening Stock)

Information Required for Underwriting Consideration

Property Damage
Name of Insured, Nature of Business, Interest to be Insured, Location of Risk, Type of Construction, Occupancy, Sum Insured, Claim History

Business Interruption
Interest to be Insured (gross profit, gross revenue or increased cost of working, professional accountant fees, rent receivables), Indemnity Period, Sum Insured, Claim History

Important Notice

Policy Owners’ Protection Scheme
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA/LIA or SDIC web-sites ( or or

The product information detailed in this section does not outline all aspects of cover nor does this serve as an insurance contract. Please refer to a copy of our policy wording, which is available on request, for details of the coverage conditions and limits; or contact our Sompo authorised agent or your insurance broker for more details.

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