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Fire Insurance


  1. Construction of the building
  2. Occupancy (e.g. office, residence, shop, warehouse, manufacturing unit,etc.
  3. The nature of goods stored/manufactured, i.e., non-hazardous,hazardous, extra-hazardous etc.
Fire insurance policy is suitable for commercial establishments as well as for the
owner of property, one who holds property in trust or in commission and for,
individuals / financial institutions who have financial interest in the property.
All immovable and movable property located at a particular premises such as
buildings, plant and machinery, furniture, fixtures, fittings and other contents,
stocks and stock in process, including stocks at suppliers / customer's premises,
machinery temporarily removed from the premises for repairs can be insured.
Monetary relief is essential to rebuild and renew the property damaged to bring
back the business to its normal course. It is here that fire insurance plays its
role.

What does the Fire policy cover?

Some of the perils covered by the fire policy are discussed below.
The fire policy for commercial risks covers the perils of:

Fire
Lightning
Explosion / implosion
Riot strike and malicious damage
Impact damage
Aircraft damage
Storm, tempest, cyclone, typhoon, hurricane, tornado, flood and
inundation
Earthquake
Subsidence and landslide including rock slide
Bursting and overflowing of water tanks, apparatus and pipes
Missile testing operations
Leakages from automatic sprinkler installation
Bush fire