The policy will pay for Loss of or Damage to insured's building or any part thereof as well as it's contents caused by fire or lightning. The fire insurance policy may be extended to cover for additional premium other perils such as:
Earthquake Fire/Shock
Earthquake Fire insurance covers the Insured against direct loss or damage caused by fire following an earthquake. Earthquake Shock insurance, on the other hand, covers other direct loss or damage resulting from an earthquake.
Typhoon/Flood
Covers direct loss or damage to insured property caused by Typhoon and/or Flood. Typhoon shall be understood to mean as a typhoon or storm as recorded by the Weather Bureau. Flood shall be understood to mean as the entry of water into the insured premises due to the inundation of land not usually covered by water.
Vehicle Impact/Falling Aircraft
Covers direct loss or damage resulting from actual physical contact of an aircraft or a vehicle with the property insured, or with a building containing property insured. Falling aircraft shall include direct loss or damage due to falling or dropping objects from higher places but excluding glass parts of the property.
Explosion
Covers loss or damage to property directly caused by explosion -- excluding loss or damage to boilers, economizers, or other vessels, machinery or apparatus resulting from their explosion.
Smoke Damage
Covers loss or damage by smoke due to a sudden, unusual and faulty operation of any heating or cooking unit, only when such unit is connected to a chimney by a smoke pipe or by a vent, and while in or on the premises described in the policy, excluding however, smoke from fire places or industrial apparatus.
Riots/Strikes
Covers all direct losses or damages caused by malicious acts of a strike, lockout of workmen, etc. However, any loss or damage caused by foreign enemy, military or usurped power, war, civil war, rebellion, insurrection, invasion, hostilities (whether war be declared or not), civil commotion amounting to a popular rising and the like is not covered.
Malicious Damage
Covers loss or damage to the property insured directly caused by malicious act of any person.
Riot/Fire
Covers loss of damage by fire directly caused by the act of any person, in connection with a strike or lockout.
Indemnifies the insured for loss or damage sustained by cargoes during transit either by and, sea or air. For those who regularly ship cargo in and out of the country, TMMIC offers the Marine Cargo Open Policy. This is a continuing contract of marine insurance between the assured and the insurance company that automatically covers the assured's cargo without having to apply for a new policy for each shipment.
Types of Coverage:
- Marine Hull Insurance
- Marine Cargo Insurance
- Aviation
This is an insurance for private and commercial vehicles as well as for motorcycles and indemnifies the insured against loss or damage to the or liability to third parties for bodily injury and/or property damage in an accident caused by and arising out of the user of the insured vehicle. For a minimal additional premium, this insurance may be extended to cover damage to insured's vehicle due to flood, typhoon, earthquake and riot and strike as well as personal accident insurance to unnamed driver and passenger insured.
Own Damage
Protects Insured's vehicle against loss or damage due to accident as well as loss due to theft.
Third Party Liability
Compulsory Third Party Liability (CTPL - a prerequisite for all registered vehicles) Excess Bodily Injury Property Damage Protects Insured against liability arising out of loss or damage to other person's properties (Property Damage) and or injuries of third parties (Bodily Injury).
Type of Coverage:
- Rajah Personal Accident Insurance Plan
- Student Personal Accident Plan
- Travel Insurance Plan / TravelMaster
Engineering Insurance policies provide both the contractor and the project owner protection against accidents, damage or loss of materials and works in progress, and construction equipment and machinery losses.
Types of Coverage:
- Contractor's All Risk
- Electronic Equipment Insurance
- Loss of Profits ff. Machinery Breakdown
- Boiler and Pressure Vessel Insurance
- Erection All Risk
- Machinery Breakdown
- Deterioration of Stocks ff. Machinery Breakdown
- Advance Loss of Profits
SPECIAL RISK / FLOATER POLICY
The Policy will indemnify the Insured in respect of sudden and accidental physical loss of or damage to movable properties known as mobile equipment such as tractors, cranes, pay loaders and other heavy equipment.
Types of Coverage:
- Equipment Floater
- Property Floater
- Special Risk Floater
- Inland Floater
LIABILTY POLICIES
The Policy will pay to or on behalf of the Insured all sums that the insured shall become obligated to pay as compensation in respect of accidental bodily injury to or damage to property of other persons caused by the negligence of the insured. It also includes payment of costs and expenses of litigation in the defense or settlement of any claim.
Types of Coverage:
- Comprehensive Gen. Liability
- Comprehensive Per. Liability
- Errors and Omissions
- Employer's Liability
CRIME INSURANCE
This insurance will pay the insured for the loss, destruction or damage to the properties by a robber following upon an actual forcible and violent entry into the insured's premises, and loss of money or other property caused by any dishonest or fraudulent acts committed by any employee of the insured.
Types of Coverage:
- Dishonesty, Disappearance & Destruction Policy
- Banker's Blanket Policy
- Burglary and Housebreaking
- Money, Securities & Payroll Insurance
- Fidelity Guarantee
- Money in Transit
ENGINEERING INSURANCE
Engineering Insurance policies provide both the contractor and the project owner protection against accidents, damage or loss of materials and works in progress, and construction equipment and machinery losses.
Types of Coverage:
- Contractor's All Risk
- Electronic Equipment Insurance
- Loss of Profits ff. Machinery Breakdown
- Boiler and Pressure Vessel Insurance
- Erection All Risk
- Machinery Breakdown
- Deterioration of Stocks ff. Machinery Breakdown
- Advance Loss of Profits
OTHER LINES
An insurance which will pay the insured for the loss of/or damage to any golf clothing, clubs and equipment, third party liability resulting in bodily injury to and/or damage to property of any person as well as hole-in-one expense in case the insured during the course of play on any recognized gold course achieves a hole-in-one, and loss by breakage of any glass structure
Types of Coverage:
- Golfer's Insurance
- Plate Glass Insurance
- Chip
- Homeowner's Insurance
- Condominium Unit Owner's Insurance
- Core
This is an insurance for private and commercial vehicles as well as for motorcycles and indemnifies the insured against loss or damage to the or liability to third parties for bodily injury and/or property damage in an accident caused by and arising out of the user of the insured vehicle. For a minimal additional premium, this insurance may be extended to cover damage to insured's vehicle due to flood, typhoon, earthquake and riot and strike as well as personal accident insurance to unnamed driver and passenger insured.
Own Damage
Protects Insured's vehicle against loss or damage due to accident as well as loss due to theft.
Third Party Liability
Compulsory Third Party Liability (CTPL - a prerequisite for all registered vehicles) Excess Bodily Injury Property Damage Protects Insured against liability arising out of loss or damage to other person's properties (Property Damage) and or injuries of third parties (Bodily Injury).
Type of Coverage:
- Private Vehicle
- Commercial Vehicle