Standard Fire or Lightning and Allied Perils
Provides financial protection for physical damage or loss to property owned by a cooperative member when caused by fire and/or lightning, for eligible buildings and/or their contents as described in the source.
Construction Classification
| Class | Description |
|---|---|
| Class A | Made of concrete under a galvanized iron roof. |
| Class B | Made of semi-concrete under a galvanized iron roof. |
Occupancy
| Type | Description |
|---|---|
| Residential | Building used solely as family dwelling units. |
| Business | Includes schools, hospitals, churches, hotels, laboratories, funeral parlors, dormitories, private membership clubs, dental clinics, optical clinics, carwash stations, water refilling stations, and private practices such as architectural/construction services and medical, dental and dermatological services. |
Location – Premium Matrix
| Zone | Location stated in the source |
|---|---|
| Zone I | Metro Manila locations including Makati, Manila, Malabon, Mandaluyong, Marikina, Pasig, Pasay, Pateros, Parañaque, San Juan, Valenzuela, Navotas, Taguig, Quezon City, Las Piñas and Caloocan; Cebu City, Mandaue City, Lapu-Lapu City; Subic Bay Metropolitan Area; Export Processing Zone areas in Mariveles, Bataan and Rosario, Cavite. |
| Zone II | All other locations not stated under Zone I. |