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”.