What Is Fire Insurance?
Fire insurance covers loss or damage to buildings, plant, machinery, furniture, fixtures and stock caused by fire, lightning, explosion, storm, flood, earthquake (if opted), riots and other specified allied perils.
Standard products include Bharat Griha Raksha for homes, Bharat Sookshma Udyam Suraksha for micro enterprises and Bharat Laghu Udyam Suraksha for small enterprises, along with standard fire and special perils policies for larger risks.
Stock can be covered on a fixed basis or on a floating or declaration basis to reflect changing inventory levels. Business interruption (loss of profit) cover can be added to protect earnings after a fire.
Why Do You Need Fire Insurance?
Large Potential Losses
A fire can destroy years of investment within hours.
Lender Requirement
Banks typically require fire cover on financed assets and stock.
Allied Perils
Natural calamities and other listed perils are covered alongside fire.
Business Recovery
Helps rebuild and restart operations quickly.
Why Choose Our Fire Insurance Services?
We help ensure your property is insured for the right value with the right extensions.
Correct Sum Insured
Asset valuation support to avoid under-insurance.
Right Extensions
Earthquake, terrorism and other extensions added as needed.
Market Comparison
Terms and premiums compared across insurers.
Survey Coordination
Support with surveyors and claim settlement.
Our Process
- Risk Survey We understand your operations, assets, people and contracts.
- Programme Design The right covers, sums insured and extensions for your risks.
- Market Placement Competitive terms obtained from multiple insurers.
- Policy Issuance Smooth documentation, onboarding and endorsements.
- Claims & Renewals Survey coordination, claim settlement and timely renewals.
Start Your Journey Today
Speak with our team for a personalised, no-obligation discussion.
Frequently Asked Questions
Does fire insurance cover loss of profit?
Not by default. A separate business interruption (loss of profit) policy can be added.
Is stock covered?
Yes, stock can be covered on a fixed or floating/declaration basis.
What is the average clause?
If the sum insured is less than the actual value, claims are reduced proportionately.
Is earthquake covered?
Earthquake is usually available as an add-on and should be opted for explicitly where required.
How are premiums calculated?
Based on occupancy, construction, location, sum insured and safety measures in place.