Fire Insurance Policy

Fire insurance is a contract under which the insurer in return for a consideration (premium) agrees to indemnify the insured for the financial loss which the latter may suffer due to destruction of or damage to property or goods, caused by fire, during a specified period.

We Cover
  • Buildings
  • Machinery and Accessories
  • Stock and Stock in process
  • Contents including furniture
What can be Covered?
  • Dwellings, Offices, Shops, Hospitals
  • Industrial / Manufacturing Risks
  • Utilities located outside industrial/manufacturing risks
  • Machinery and Accessories
  • Storage Risks outside the compound of industrial risks
  • Tank, farms located outside the compound of industrial risks
The policy does not cover any loss if loss or damage to property due to
  • Spontaneous combustion fermentation
  • Burning of property by order of any Public Authority
  • Its undergoing any heating or drying process
  • Explosion of boilers (other than domestic boilers)
  • War or war like operations
  • Defective design workmanship, defective materials
Add on Cover
  • Riot & Strike Damage
  • Aircraft damage
  • Cyclone & Flood
  • Impact damage
  • Subsidence landslide

These additional covers are available by payment of additional premium.

Note
  • Particulars of cover liability and exclusion given above are not complete or exhaustive.
  • Our nearest Branch Office may be approached for complete details.
Conditions

In respect of Textile & Jute Sector

  • 10% Self insurance applicable
  • All project above 5 corer Sum Insured to be surveyed
Household Insurance
Hotel Owners All Risk Insurance
Consequential Insurance Policy
Pr-requisite for the Policy

This policy can be taken only if a Standard fire and Special Perils Policy exists for the risk.

What can be Insured?
  • Net profit due to the stoppage of business as a result of an insured peril
  • Standing charges which continue to accrue in spite of stoppage of business
Note
  • Particulars of cover liability and exclusion given above are not complete or exhaustive.
  • Our nearest Branch Office branch may be approached for complete details.