What is Fire Insurance

Fire insurance covers your property against the damage and losses caused by fire. This Insurance protects physical goods and the equipment of the business or home against any loss from theft, fire, and other perils. It helps to cover the cost of replacement, repair or reconstruction of the property. Fire Insurance coverage is for loss from unexpected events which causes physicals loss, damage or destruction of building and structures, plant and machinery, stock and other assets relating to your business. All micro-level enterprises like hotels, restaurants, offices, and others are eligible for this policy.

Why do you need Fire Insurance?

Businesses are constantly exposed to unforeseen risks, including fire outbreaks. Fire insurance offers comprehensive protection against damages caused by fire, explosions, and other related hazards. Beyond fire-related incidents, it also covers damages resulting from natural calamities, water tank bursts, theft, and more.

Fire insurance policies often include built-in covers such as:

• Alterations or extensions to premises
• Stocks on a floater basis
• Temporary removal of stock
• Coverage for specific contents
• Start-up expenses
• Professional fees
• Debris removal costs
• Compliance with Municipal regulations

This holistic coverage ensures that your business remains resilient and protected against potential disruptions.

Type of Fire Insurance Categories