Property insurance protects your tangible assets and equipment against loss from theft, fire or other perils. Madison General offers the following products under the property insurance department:

Fire and Allied Perils

This product covers your property against:
  • Fire, lightning and explosion

The under-noted perils can be given at an additional cost:

  • Earthquake
  • Storm, tempest, flood
  • Aircraft or dropping aerial devices
  • Bursting or over-flowing of water tanks, apparatus or pipes
  • Malicious damage
  • Riot and strike (non-political)
  • Explosion (Limited)

Fire Business Interruption

Provides against loss of profit due to reduction in turnover and increase in cost of working arising from an interruption of or interference with the business carried on by the insured at the premises.
  • Following loss/destruction or damage covered under the fire policy (material damage), to the property used by the insured.

Office Comprehensive

Provides cover as in (1) above plus:
  • Theft, excluding theft of personal effects of the insured or his employee's
  • Accidental damage and loss/damage to office equipment and Machinery while away from usual premises
  • Loss of documents
  • Loss of rent

Houseowners (covers residential buildings)

Provides cover as in (1) above plus:
  • Housebreaking or any attempt thereat
  • Theft or any attempt thereat of landlord's fixtures and fittings
  • Loss of rent

Householders (covers house contents)

Provides cover as in (1) above plus:

  • Theft accompanied by violent and forcible entry into or exit from the building.
  • Accidental damage and loss/damage to contents and effects whilst temporarily away from premises can be covered at an additional premium.

Electronic Equipment All Risks

Provides cover to computer equipment against any unforeseen and sudden physical loss or damage from any cause other than those specifically excluded on the policy.

Contractors All Risks

Provides cover to all civil engineering works against:
  • fire, lightning and explosion
  • water damage and windstorm
  • earthquake
  • burglary and theft accompanied by violent and visible means of entry/exit (theft by employees not included)
  • accident damage and impact
  • third party liability risks if required

Plant All Risks

Provides cover to plant against any unforeseen and sudden physical loss or damage from any cause not specifically excluded.

Erection All Risks

Provides Cover to individual machines, complete manufacturing complexes and steel structures which are being erected against unforeseen and sudden physical loss or damage resulting from-
  • fire and lightning
  • water damage and windstorm
  • earthquake, subsidence and collapse
  • burglary
  • impact
  • electrical and mechanical breakdown
  • accidental damage and faults in erection

Machinery Breakdown

Covers any sudden and unforeseen physical loss or damage other than fire damage to machinery whilst on the premises, whether they are at work or at rest from any causes not specifically excluded.

Loss of Profits following Machinery Breakdown

Provides cover to the insured against loss of profits following a claim under machinery breakdown.

Boiler and Pressure Vessel

Provides cover against:
  • Damage other than by fire to any boiler or pressure vessel and to other property of the insured.
  • Damage to property not belonging to the insured
  • Fatal or non-fatal injuries to any persons other than the insured's own employees.

Deterioration of Stock

Provides cover against loss of or damage to stock caused by deterioration, putrefaction or contamination due to any unforeseen and sudden physical loss of or damage to machinery indemnifiable under the machinery breakdown policy in force.


This policy is issued to individuals to cover the following up to stated limits/sums insured.
  • comprehensive motor insurance to private vehicles
  • domestic buildings
  • domestic contents
  • personal accident
  • personal liability
  • medical Expenses and
  • dog-bite

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