{"id":6955,"date":"2021-12-01T16:23:18","date_gmt":"2021-12-01T14:23:18","guid":{"rendered":"https:\/\/www.gapinsuranceagency.com\/?p=6955"},"modified":"2022-10-26T10:43:09","modified_gmt":"2022-10-26T07:43:09","slug":"%ce%b1%cf%83%cf%86%ce%ac%ce%bb%ce%b9%cf%83%ce%b7-%cf%86%cf%89%cf%84%ce%b9%ce%ac%cf%82-%ce%b5%ce%b9%ce%b4%ce%b9%ce%ba%cf%8e%ce%bd-%ce%ba%ce%b9%ce%bd%ce%b4%cf%8d%ce%bd%cf%89%ce%bd","status":"publish","type":"post","link":"https:\/\/www.gapinsuranceagency.com\/en\/%ce%b1%cf%83%cf%86%ce%ac%ce%bb%ce%b9%cf%83%ce%b7-%cf%86%cf%89%cf%84%ce%b9%ce%ac%cf%82-%ce%b5%ce%b9%ce%b4%ce%b9%ce%ba%cf%8e%ce%bd-%ce%ba%ce%b9%ce%bd%ce%b4%cf%8d%ce%bd%cf%89%ce%bd","title":{"rendered":"Fire and Allied Perils Insurance"},"content":{"rendered":"

Why do you need Fire and Allied Perils Insurance? <\/h4>\n\n\n\n

Why do you need fire and allied perils insurance? Your business is an extension of you. It is the sum of the efforts and aspirations of your workforce and your dear ones. You surely put a lot of time, hard work and considerable money in building up your business. For business owners, their business is as important as their families and most owners protect their businesses like their family members. <\/p>\n\n\n\n

However, companies are not immune from risks and misfortune strikes when one least expects it. Almost anything can happen at any time. A fire can engulf your business, a burst pipe can flood your premises and in a matter of minutes all these can wipe away years of effort.<\/p>\n\n\n\n

Common misconceptions about Fire and Allied Perils Insurance<\/strong><\/p>\n\n\n\n

Quite often, the many prevailing misconceptions about this insurance coverage stand in the way of people buying this essential coverage. Let\u2019s take apart some of these misconceptions by unveiling the facts behind them. <\/p>\n\n\n\n

Lets distinguish some of these misconceptions<\/h4>\n\n\n\n

Misconception: Standard Fire Policy only covers you against damages caused by fire<\/p>\n\n\n\n

Fact: Apart from fire, you also get protected against losses due to \u2018other perils\u2019 such as aircraft damage, cyclones, explosions and implosions, floods, riots, storms, tempests, and typhoons, among other natural and man-made catastrophes.<\/p>\n\n\n\n

Misconception: It is expensive<\/p>\n\n\n\n

Fact: While the premium coverage can vary between insurers, the cost of these premiums is overall quite affordable in the market. And, when you compare the cost of the premium against the value of the property and contents covered, you are actually getting amazing deal.<\/p>\n\n\n\n

The G.A.P. Vassilopoulos Group <\/a>acting as Coverholders on behalf of Lloyds Insurance company S.A. has been offering \u2018A\u2019 Rated comprehensive commercial property products to the Cyprus Market for the past 40 years.<\/p>\n\n\n\n

Policies can be created to accommodate a wide range of business ranging from retail shops, cafe\/restaurants, offices, landlord\u2019s property, hotels all the way to manufacturing plants and large warehouses.<\/p>\n\n\n\n

Cover is provided according to each individual client\u2019s demand and need and can include among other cover for Buildings, Building Improvements, Contents, Stock, Equipment & Machinery, Fixtures & Fittings and Articles out in the open.<\/p>\n\n\n\n

Standard Insured Perils include:<\/h4>\n\n\n\n