Fire Insurance

Make sure your commercial property is fully protected against fires, storms and a wide range of other incidents.

Fire Insurance

Alawwal’s Commercial Property insurance helps you to repair or replace buildings and other property damaged or destroyed by fire, storms or other incidents. The policy covers moveable or immoveable properties on land, excluding the cost of the land, and also pays to replace stolen or lost property. 

Businesses can buy commercial property insurance regardless of whether they own, rent, or lease a building. For owners, the policy covers the building and its contents, including machinery, furniture and merchandise, while for rented or leased premises the insurance covers contents.

A single policy can cover a business with more than one location, unless they have different functions and risk profiles such as those with an administrative office and a separate factory, or multiple location operations.


Add on Covers

In addition to the perils/expenses covered, the proposer may seek to add cover in respect of the following perils/expenses at inception or during the course of the policy on payment of an additional premium:

Loss/damage/destruction of the property caused by:

  • Deterioration of stocks in cold storage premises due to power failure following damage due to an insured peril.
  • Forest fire.
  • Impact damage due to the insured’s own vehicles, forklifts and the like, and articles dropped therefrom.
  • Spontaneous combustion.
  • Omission of additions, alterations or extensions.
  • Earthquake (fire and shock).
  • Spoilage material damage cover.
  • Leakage and contamination cover.
  • Temporary removal of stocks.

Policy Usage

  • Owners of buildings and their contents such as household articles, furniture etc.
  • Shopkeepers.
  • Educational/research institutions.
  • Hotels, boarding and lodging houses, hospitals, clinics or such service providers.
  • Industrial and manufacturing firms.
  • Godown keepers.
  • Bailees, lessors, lessees, banks, financial institutions, mortgagors, mortgagees.
  • Traders in stocks.
  • Trustees, charitable institutions.
  • Transporters and C&F agents.

Insured Sum Selection

  • The sum insured of a property should represent the market value.
  • Where more than one building (and contents) are insured under a single policy, block-wise values shall be furnished in respect of building, plant and machinery, stocks and other contents.

The following guidelines, though not exhaustive, are provided to indicate the sums insured for various properties:

Contact Us

For more information, please email us at:

Call one of our regional offices
and we'd be happy to help you.
Central Region – Riyadh

Central Region – Riyadh

Phone: +966 (0)11 4067888 Ext.: 1838
Western Region – Jeddah

Western Region – Jeddah

Phone: +966 (0)11 4067888 Ext.: 1448

Eastern Region – AlKhobar

Eastern Region – AlKhobar

Phone: +966 (0)13 8957444 Ext.: 3416

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Alawwal Bank