A comprehensive guide to Fire Insurance

07 November 2019

Fire insurance is a kind of insurance policy that offers protection against incidents or damages caused due to fire and allied perils. It provides the coverage for the cost of loss, replacement or repair of the damages.

What fire insurance covers?

Fire insurance offers a range of scope. It offers protection against damage caused to movable or immovable property caused due to fire and allied perils. It offers coverage to damages to the properties which include office buildings, furniture, fixtures, stock, plant & machinery. A typical fire insurance policy offers coverage against:

  • Damages caused by fire
  • Damage suffered due to lightning
  • Losses due to explosion/implosion
  • Aircraft Damage
  • Losses arising from riot, strike, and other malicious damage
  • Damages from natural calamities like storm, typhoon, hurricane, tornado, flood, and inundation
  • Impact damage
  • Subsidence and landslide including Rockslide
  • Bursting and overflowing of water tanks, apparatus, and Pipes
  • Missile testing operation mishaps
  • Leakage from Automatic Sprinkler Installation
  • Bush Fire
Add-on coverage

Fire insurance can offer more than the above-mentioned coverage. With an additional premium, fire insurance can extend its coverage to the following:

  • Earthquake
  • Spontaneous combustion
  • Forest fire
  • Loss of rent
  • Start-up cost
  • Alternate accommodation
  • Damage to stock due to change of temperature
  • Damage to stock due to accidental power failure
  • Leakage and contamination cover
  • Architect, engineers, Surveyors consultation fee
  • Cover for molten metal spillage
  • Impact loss owing to insured’s own road/rail transit
  • Removal of Debris (in excess of 1% of claim amount)
  • Omission to Insure additions, alterations or extensions clause etc
The Unison Edge

Unison is your best bet when it comes to fire insurance. Our team of experts will work closely with you to assess your risk and create the perfect plan that suits your needs. We can also offer you a custom solution which fulfils your needs and address your stakeholders’ concern, as per the requirement.

For more information on UNISON visit: https://unisoninsurance.net/