Riot, Strike, Malicious damage (RSMD Perils) Storm, Tempest, Flood, Inundation, Hurricane, Cyclone, Typhoon and Tornado. This is a package insurance which covers the following set of perils:. The Standard Fire & Allied Perils (STFI) Policy is suitable for the owner of property,. Standard Fire and Special Perils Insurance is a traditional cover that offers cover. In the subject of insurance STFI means:- Strom, Cyclone , Typhoon. The “Standard Fire and Allied Perils Policy” popularly known as SFSP, covers.