Property
Losses resulting from residential, commercial and industrial fires around the world are estimated at billions of dollars. Such losses not only affect the owners of the property but have a devastating effect on the national economy as well.
Although preventing such financially crippling events are often beyond the control of the owners, the financial consequences of such mishap can be eliminated or mitigated through prudential “risk-sharing” mechanism offered by Takaful.
Noor Takaful’s “Fire & Lighting Takaful Plan” covers damage to assets due to Fire and Lightning whereas “ Fire & Special Perils Takaful Plan” covers a host of additional perils viz, explosion, earthquakes, storms, floods, escape of water, riot, strike, malicious damage, impact by vehicle or animal, damage caused by aircraft etc in addition to Fire & Lightning. There is also option to extend the cover to “Burglary” under these plans.
“Property All Risks Takaful Plan” covers loss or damage due to any causes other than those are specifically excluded.
Complementary to the Material Damage plans as above, Noor Takaful also provide “Business Interruption Takaful Plan” which covers the loss of gross profit and increased cost of working arising from interruption of the business as a result of loss or damage covered under the above plans.
