Property Insurance
Property Insurance
Introduction of Alfalah Property Insurance
AFICL is proud to serve a diverse portfolio of high-quality industrial, commercial and services clients across Pakistan — including textile, automobile, renewables & energy, telecom, oil & gas, banking, manufacturing, engineering and many more.
From a small commercial shop to the most sophisticated industrial plant — AFICL protects assets, investments and business continuity with reliable and tailored insurance solutions.
Your property, machinery and investments represent years of hard work — and they deserve reliable protection. Your investment in your property and its contents is protected via the range of our property insurance products. In case any minor or significant damage happening to your property, the relevant policy will provide protection against all insured perils. You can claim the loss from us ensuring your financial stability and business continuity.
OUR PROPERTY INSURANCE OFFERINGS
FIRE & ALLIED PERILS INSURANCE
Every business has unique exposures. Even a minor fire or atmospheric disturbance can cause serious financial loss.
Our Fire Insurance can cover much more than basic fire and lightning coverage extensions include:
- Explosion
- Aircraft Damage
- Impact Damage
- Storm / Flood / Tornado / Cyclone etc.
- Earthquake Fire & Shock
- Riot & Strike Damage
- Malicious Damage
- Burglary by forcible entry
This gives your business the certainty that one unexpected event won’t wipe out years of progress.
PROPERTY ALL RISKS (PAR)
This is a wider, more comprehensive cover which protects against accidental physical loss or damage to property, from any cause not specifically excluded.
Factories, power plants, buildings, machinery, equipment, warehouses, stocks — PAR provides broad protection in a single policy.
COMPREHENSIVE MACHINERY INSURANCE
Designed particularly for industries with high machinery concentration and major exposure to breakdown - power plants, steel, paper, cement, sugar etc.
We cover operational material damage and can include Operational Business Interruption as an optional extension - ensuring machinery failure doesn’t convert into a cashflow crisis.
BUSINESS INTERRUPTION (Following Insured Perils)
Physical damage from fire or allied perils is only one part of the loss — the bigger loss is often lost profit while your operations are shut.
The loss/damages resulting from fire or other allied perils besides causing physical loss /damage may also result in business interruption or loss of gross profit and incurring standing charges e.g. employees’ salaries, rent, electricity, etc. A business that has to close down while the premises are being repaired may lose out to its competitors. A quick resumption of business after a disaster is essential. Without business interruption insurance, both your business and personal savings may be needed to resume or maintain the business. If these savings are not available, the business may never resume and could be forced into bankruptcy. Business Interruption Insurance covers loss of profits of a business due to reduction in the turnover caused by a loss or damage that is covered in the Fire & Allied Perils policy.
HOUSEHOLDER’S COMPREHENSIVE INSURANCE
Your home is your biggest emotional and financial investment.
This policy protects the structure + contents - including jewellery & cash (at home or in lockers) - against accidental damage from fire and allied perils, burglary, plate glass and personal liability.
Peace of mind at home - when you need it the most.
TERRORISM / SRCC / POLITICAL VIOLENCE
In today’s world, terrorism and politically motivated violence can impact any business - even if you are not the direct target.
This coverage protects your assets against:
- Terrorism & Sabotage
- Strikes, Riots & Civil Commotion (SRCC)
- Malicious Damage
- Insurrection / Rebellion / Revolution
- Political Violence
Combined with Fire coverage — this ensures your business is financially protected even in severe, unpredictable events.
HOME INSURANCE
Your home is more than just a building. It’s where your life happens. Our Home Insurance provides reliable financial protection for your house and its contents, giving you peace of mind when the unexpected happens.
This policy covers your building and household contents such as furniture, fixtures, fittings, etc. against a wide range of risks, including;
This coverage protects your assets against:
- Fire and/or Lightning
- Riot, Strike Damage
- Malicious Damage
- Burglary
- Earthquake (Fire & Shock)
- Explosion
- Storm, Cyclone and other Atmospheric Disturbances
- Aircraft Damage
- Impact Damage
The cover applies to contents located within a residential premises occupied for personal living purposes only, ensuring protection where you need it most.
With reliable coverage and responsive claims support, our Home Insurance helps you protect what matters most.
All terms, conditions and limitations apply as per our standard Fire & Allied Perils Insurance Policy and relevant endorsements.
SOLAR INSURANCE
Solar installations are long-term investments. They need protection against accidental damage, weather-related events, electrical faults, theft, and operational interruptions.
Our Solar Insurance solution is designed to protect panels, mounting systems, inverters, batteries, and related equipment - whether installed at homes, commercial locations, or industrial sites.
With the right cover, you can protect your renewable energy investment and avoid unexpected financial setbacks from physical damage or downtime.
