In the simplest form, a Fire Insurance Policy provides indemnity
for loss or damage incurred by the insured for fire, lightning
regular fire policy will provide coverage to the
building’s garage, supplementary building, water tank, lift or
walking stairs in the building and attached items like TV
The insured building’s fence, pools (decorative or swimming),
sculptures and statutes, water fountains in the garden need to
be stated on the policy.
In terms of movable items, anything inside the insured building
is covered with a stated limit.
Your valuables like antiques,
paintings, collection items, valuable papers like business
contracts or an architect’s drawings etc., money, jewelers,
valuable metals and stones, stocks and so on can also be
included in the policy with a complementary contract.
You can also extend your fire insurance policy coverage to the
Strike, riots, civil
Earthquake and volcanic
Flood & Water
Interior Water Damages
Third Party Liability (damages done to neighbours due to fire,
inflation or lightning);
Redemption for damages to let goods being carried on air, sea or
Rent losses and rubble-cleaning costs can also be included with
a complementary contract.
What this policy does not cover:
Damages that may be caused by the local and/or government
Burns that may result not from a fire but due to
the good’s deficiency
Burning without flame but as a result of being contact with hot
iron, oven, lamp or candle.
Damages caused by changes in the electricity current caused by
the insured goods are burned for the benefit of the total
Damage on doors due to mechanical forces or high pressure
Excess or Insufficient Insurance
With Excess Insurance the insurance company is liable only with
the actual value of the insured items as determined by an
With Insufficient Insurance, the company is liable only with the
ratio insured value over actual value. See CLAIMS
must be done if damage occurs?
Assuming the insured/customer has taken all preventive actions
in order to prevent and stop any accidental risks, once damage
occurs, the insurer must try to stop further damages and call
for official help from fire brigades, police etc. After the
damage has occurred, the insured must call us for inspection on
the site. After necessary inspections are done and an expert
sees the site, redemption is paid. See CLAIMS.
To buy a Fire Insurance Policy