Fire and special perils (assets) Insurance

The fire and Special Perils insurance provide cover [i.e. financial compensation] to the insured organisation in the event of damage or destruction of property as a result of:

Scope of Cover

  • Fire outbreak, lightning and explosion. Fire in this instance refers to such as may result from any source.
  • The policy further covers other risks usually referred to as special perils: Storm & tempest, flood, wind & hailstorm
  • Earthquake, subterranean fire, land subsidence and tornado
  • Aircraft and other aerial devices or articles dropped therefrom. Bursting or overflowing of water tanks, apparatus or pipes causing water damage to the property.
  • Impact damage to the buildings by any road vehicle, horse or cattle [except those owned by the insured]

Assets Covered

  • Buildings and Structures of every description within the organisation.
  • Any form of machinery such as Generating Plants, etc
  • Contents which include Office Furniture and Equipments
  • Other property owned and located within the company premises

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Guinea Insurance has always lived up to its name; consistently one step ahead of the industry in the provision of better and affordable risk management solutions. We are a major player in the provision of first-rate financial risk solutions in the General and Special Risks business underwriting categories. We have established a reputation for exceptional competence in the delivery of customer-centric services and product innovation. With a strong capital base, highly qualified professionals, and modern technology, Guinea Insurance PLC became widely acknowledged for speed and efficiency and thus, remained the preferred insurer for individual and corporate clientele seeking premium insurance and related financial services to date.


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33 Ikorodu Road Jibowu, Lagos.

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