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Types of Fire Insurance Policies in India

Understanding fire insurance can be hard. Know the types of fire insurance policies in India and how to choose the right one for your business

Frequently Asked Questions

Have questions? We are here to help

What exactly does fire insurance cover?

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Fire insurance primarily covers damage or loss to a property caused by fire. It can also extend to include other perils like lightning, explosion, riots, and sometimes even natural disasters depending on the policy.

Can I get fire insurance for any type of property?

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Yes, fire insurance is available for various types of properties, including residential buildings, commercial spaces, and industrial premises. It can also cover movable assets like machinery and equipment within these properties.

How quickly should I report a fire incident to my insurer?

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It's crucial to notify your insurer as soon as possible after a fire incident. Prompt reporting can expedite the claims process and help you receive compensation without unnecessary delays.

What documents will I need to file a fire insurance claim?

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Typically, you'll need to provide a fire brigade report, a copy of your insurance policy, photographs of the damage, an FIR if applicable, and any other documentation that your insurance provider might require.

If the insurance company's settlement offer seems too low, what can I do?

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If you feel the settlement offer doesn't fully cover your losses, you can negotiate with your insurer. Presenting additional evidence of the damage or getting an independent assessment may help you secure a fairer compensation.

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