Fire Insurance
What is Fire Insurance?
Insurance is important for every business as it provides compensation for financial losses that may be caused due to damage or destruction to the insured property. The most common form of property insurance in India is Fire insurance cover. Property Insurance has become compatible with safeguarding the interests of the people and their property against the financial losses arising due to sudden, accidental & uncertain events. It is a form of insurance cover that protects assets from losses due to certain specific perils
Why should you buy Fire Insurance?
A fire insurance policy offers comprehensive security for business buildings, plants, machinery, stocks, contents, homes, offices, etc. This policy offers financial security by covering the losses or damages that may be caused due to fire loss or damages. This policy is suitable for those who own a property or for someone who holds the property in trust or on a commission basis; whether it is an individual or a commercial establishment. This policy is also an ideal option for all SMEs and Corporates alike, those who need coverage for their business against uncontrollable situations that can devastate their property and businesses
Areas of Coverage
Machinery and Accessories
Buildings and industries
Stock and stock in method
Contents including furniture
What will be Insured?
- Residence, Offices, Shops, Hospitals (Located outside the compounds of industrial/manufacturing risks)
- Industrial / Manufacturing risks
- Utilities placed outside industrial/manufacturing risks
- Machinery and Accessories
- Storage Risks outside the compound of industrial risks
- Tank farms / Gas holders located outside the compound of business risks
Fire Insurance Coverage includes
- Explosion/Implosion
- Aircraft damage
- Bursting or overflowing of tanks
- Fire
- Lightning
- Riot, Strike
- Storm, Flood, Inundation
- Bush fire