Fire Insurance
Fire Insurance protects against loss and damage caused by fire, floods, earthquakes, landslides, etc.The scope of fire insurance is very high because it can be integrated to cover the loss of ‘business interruption’ and ‘consequential loss’ to cover the loss of net profit, standing charges or any incidental charges like, loss of rent, debris removal fee or engineer fee during the period when the business is unable to operate following a fire. It covers your personal properties as well as your organisation and its assets.
FAQs
What circumstances shall allow to get a smooth and maximum claim in Fire insurance policy?
BEYOND THE OCCURANCE OF FIRE, THE CLAIMS VALIDITY DEPENDS ON THE NATURE OF THE EVENT, STATUS OF THE PROPERTY AND YOUR COMPLAINCE WITH THE POLICY TERMS.
-THE NATURE OF FIRE
-LICENSING AND REGULATORY COMPLAINCE
-NECESSARY ADD ON COVERS
-OPERATIONAL CONDITIONS (claim intimation, proper records)
-EXCLUDED CIRCUMSTANCES.
-LICENSING AND REGULATORY COMPLAINCE
-NECESSARY ADD ON COVERS
-OPERATIONAL CONDITIONS (claim intimation, proper records)
-EXCLUDED CIRCUMSTANCES.
when shall an insurer legally reject a fire insurance claim?
THE INSURER HAVE THE VALID DEFENSE TO DENY THE CLAIM AMOUNT; IF-
-BREACH OF UTMOST GOOD FAITH (misrepresentation)
-LACK OF LEGAL LICENSING (wrong address, late intimation, missing license)
-INTENTIONAL ACT AND FRAUD
-BREACH OF POLICY CONDITIONS
-GENERAL EXCLUSIONS (nuclear risk, war etc.)
-LACK OF LEGAL LICENSING (wrong address, late intimation, missing license)
-INTENTIONAL ACT AND FRAUD
-BREACH OF POLICY CONDITIONS
-GENERAL EXCLUSIONS (nuclear risk, war etc.)
What are the additional covers which can be integrated into my fire insurance policy?
TO ENSURE FULL INDEMINITY YOU CAN ENHANCE YOUR POLICY WITH THE FOLLOWING ADDITIONAL COVERS AND CLAUSES.
-PROPERTY AND INFRASTRUCTURE EXTENSIONS (compound wall and fencing etc.)
-PROFESSIONAL AND STATUTORY FEES (architects, consulting engineers fees)
-SPECIALIZED RISK COVERS (protection from terrorism)
-PROFESSIONAL AND STATUTORY FEES (architects, consulting engineers fees)
-SPECIALIZED RISK COVERS (protection from terrorism)
Chat with our support team to learn more
At Aegis Insurance Brokers, we are committed to excellence. Since we opened our doors in 2019, we have worked hard to make sure our clients receive outstanding services. Even though we started working as an insurance broker only recently our founding.