Fire Insurance

Why Fire Insurance Matters for Malaysian Property Owners

Fire incidents remain among the highest causes of industrial losses in Malaysia, especially for:

• Manufacturing plants
• Warehouses & logistics hubs
• Retail complexes
• Commercial buildings
• Cold storage and FMCG facilities
• High-value inventory storage

A fire policy forms the base property cover required by:

• Property owners
• Landlords
• Tenants with production operations
• Banks and financiers
• REITs and commercial asset managers

Foundation structures Fire programmes for large, asset-heavy buildings across Malaysia.

What Fire Insurance Covers

Fire Insurance provides indemnity for damage caused by: (icons?)

• Fire
• Lightning
• Explosion (domestic gas)
• Aircraft impact
• Burst pipes / water tanks
• Impact damage
• Riot, strike & malicious damage (if extended)
• Flood (if extended)
• Storm & tempest (if extended)
• Subsidence & landslip (if extended)

Covered Property Types

• Buildings
• Plant & machinery
• Stocks / raw materials / finished goods
• Office & operational contents

Who Needs Fire Insurance in Malaysia

• Building owners of commercial or industrial properties
• Manufacturers with machinery and high-value stock
• Warehouse operators
• REITs, JMBs, property managers
• Tenants with contractual obligations under lease agreements
• Facilities requiring bank / loan compliance

Common Fire Loss Scenarios

Fire in Production Line

Electrical short circuit caused a fire damaging machinery and structural components.

Triggered: Building + machinery + stock + debris removal.

Burst Pipe Damaging Inventory

Water damage destroyed finished goods in a storage area.

Triggered: Burst pipe peril + stock damage.

Storm Damaged Roof Panels

Strong winds tore roof sheeting, causing rainwater damage to machinery.

Triggered: Storm & tempest (if extended).

Flooded Warehouse

Flash floods damaged forklifts, racking systems, and stored goods.

Triggered: Flood extension (optional).

How Foundation Supports Your Fire Insurance Programme

1. Technical Review

We evaluate occupancy, COPE details, fire protection systems (FHR, sprinklers), and risk rating factors used by Malaysian underwriters.

2. Market Placement

We approach property underwriters based on your specific needs

3. Documentation & Compliance

We help you align policy terms with:

• financier requirements
• tenancy contracts
• landlord/tenant naming
• special clauses required by lenders

4. Ongoing Support

We assist with:

• changes in occupancy
• increases in stock value
• installation of new machinery
• endorsements & sum insured adjustments

5. Claims Assistance

We coordinate with loss adjusters, help prepare documentation, and support negotiation of settlement.