NATIONAL INSURANCE CORPORATION OF TANZANIA LIMITED (NIC)
INSURANCE MANAGEMENT INFORMATION SYSTEM
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Fire and Allied Perils covers against damage or destruction caused by fire, lightning, or the explosion of domestic appliances.
Short Period Allowed:
Minimal Policy Term:
Accidental physical loss or damage to the insured property as a result of the occurrence of an insured event.
This is where the insured being compensated in form of cash after the occurrence of an insured event.Indemnity can be provided by the payment of the money value of the property lost or damaged.
This is where the damaged property as a result of an insured event being replaced the same as the damaged property after suffering loss or damage.This is replacement of the broken or damaged property.
Settlement of fire claims on building and contents (ex stock) by paying the cost, of rebuilding and re-equipping the premises or property.
This is a mode of compensation whereby the damaged property being repaired by the insurer in case of partial loss following damage or loss as a result of an insured event.Claim may be settled by paying the actual cost of repairing the damage. This is common for settlement of claim for damage to jewelery and other articles in Home protector policy (Domestic package policy).
Currently no Product Extension(s) registered.
Standard Fire Policy
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National Insurance Corporation