ABSTRACT
This chapter explores the different types of property insurance and their policies. Policies on buildings are normally framed as covering specific risks. Policies on goods may be drafted in the same way, although it is common for insurance on marine cargoes and goods in transit to be written on an all risks basis. Fire is a peril universally found in real and personal property policies. There is coverage for fire as long as the damage caused by the fire is fortuitous and not intended by the assured or the result of his recklessness. The word explosion has a narrower meaning in law than its ordinary colloquial meaning. The insurance contained a Holdup or Robbery Limit which removed cover where there was loss of or damage to property by robbery at any time when the premises were open for business. The issues relating to the war coverage were also considered by the Court of Appeal.
