Fact: The kind of coverage you get depends on your insurer and policy. There are normally two types of coverage – Insured Perils and All Risks. Regular insured perils are:
• Fire
• Lightning
• Explosion
• Impact by road vehicles
• Bursting or overflowing of water tanks or pipes
• Theft by violent or forcible entry
• Specified natural disasters such as floods, windstorms, earthquakes and volcanic eruptions
• Riots and strikes
Any loss or damage that is not caused by the above is not covered. Offering a wider but more expensive cover is the all risks policy. Although it includes accidental damage, it can have a longer exclusion list as compared to an insured perils policy, despite being termed “all risks”.