This provides cover for the client's material property as detailed in the policy schedule. The standard policy duration is twelve months. Liberty Insurance provides the policy. The client has the option to select one of the following levels of cover:
- Basic Cover - Fire, lightning, explosion of domestic boilers or gas.
- Special Perils - Basic cover plus explosion of commercial boilers, aircraft, riot & civil commotion, malicious persons, earthquake subterranean fire, storm & tempest, impact, flood, and bursting or overflowing of water pipes and tanks.
- Accidental Damage - Special Perils plus cover for loss, damage or destruction as a consequence of accidental damage.
The policy can be optionally extended (at either level) to provide cover for any of the following: Sprinkler leakage, loss of rent, glass, money, burglary, subsidence, and deterioration of freezer stock.