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06-Dec-2022
Natural phenomenon activities like floods, fire, conflagration, and earthquakes can occur anywhere in the geographical limit of the world. To ensure the safety of people’s property, life, essential records, and livelihood against the loss or damage due to natural calamity, one must seek financial security and monetary assistance during a tragic time via a Fire Insurance Plan.
Any natural disaster, an especially fire-like event can take place in buildings, residential houses, education premises, firms, factories, warehouses, and industrial installations. For the sake of safety regards, we seek a protective cover that can compensate for loss, destruction, or damage due to fire and other special perils.
Know About Fire Insurance Policy
A Fire Insurance Plan is an essential insurance cover that protects your buildings, business houses, educational and residential places from the unexpected tragedy of fire. This insurance policy is similar to a property insurance plan which compensates for the loss or damage to your property assets due to a fire outbreak.
Scope of Fire Insurance Plan
Fire insurance not only covers the damages caused due to fire but it actually covers the loss due to other natural calamities or damages caused by people. Let us understand its scope for which you can avail of its benefits.
1. It covers fire, fire outbreaks, lightning, explosion, and implosion
2. Damage due to aircraft, riots, strikes, and terrorism
3. Landslides, floods, storms
4. Damage due to the bursting of a water tank, pipes, and building apparatus
5. Damage of property or household things due to missile testing, leakage from automatic sprinkler installation, and bushfire
Why One Should Buy A Fire Insurance Plan
As it is mentioned above, fire insurance coverage provides a payout to insured persons for the actual cash value of the damaged things or replacement cost value for the same. Let us look at some aspects of fire insurance cover that make it essential for everyone to buy the plan.
1. It offers insurance benefits in case of damage or loss caused due to any movable or immovable object that burnt into a fiery explosion.
2. It also provides financial backing for the loss or destruction of furnishings of houses and offices, corporate buildings, firms, machinery, etc. caused due to a fire incident.
3. A fire insurance policy offers insurance benefits in case of damage caused due to natural calamity, such as the bursting of a water tank and pipeline, an explosion, etc.
Different Types Of Fire Policy
Below are the following types of fire insurance policies that you can buy in India:-
1. Bhartiya Sookshma Udyam Suraksha: Under this plan, a policyholder can avail of a sum insured up to 5 crores against damages described in the fire policy.
2. Bharat Laghu Udyam Suraksha: A sum insured between 5 crores to 50 crores would be provided to the policyholder.
3. Standard Fire and Special Perils: The value of the sum insured beyond 50 crores would be provided to the insured person.
Some Salient Benefits Of Fire Insurance Plan
Let us discuss some notable benefits of fire insurance coverage briefly.
1. Fire policy offers financial coverage for loss or damage in case of fire accidents or related incidents.
2. It reduces the financial stress caused by the fire or the risks mentioned in the fire policy.
3. Fire policy helps you to replace the damaged goods in your office, house, and firm.
4. It covers the medical expenses of employees of your office injured in a fire outbreak.
Buy A Fire Insurance Policy With Policy.Online
Buying a fire policy offers you a plethora of benefits mentioned above. Policy.Online is an online insurance broker company that provides fire insurance coverage from reputed and trusted insurance companies in India. You can get quotes from insurers and select your preferred insurance plan by understanding the terms and conditions mentioned in the policy of your chosen insurance company.
In case of any queries related to fire policy, you can converse with our policy experts by dialing (+91)011-665-00-000 or you can mail us at info.in@policy.online. Our policy advisers would help you to resolve your queries and offer you an appropriate response.
