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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.

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

Beyond the occurrence of fire, the claims validity depends on the nature of the event, status of the property and your compliance with the policy terms:
  • The nature of fire
  • Licensing and regulatory compliance
  • Necessary add on covers
  • Operational conditions (claim intimation, proper records)
  • Excluded circumstances
The insurer has 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.)
To ensure full indemnity 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)
  • Specialised risk covers (protection from terrorism)

    Chat with our support team to learn more

    At Aegis insurance brokers, we bridge the gap between uncertainty and security. Here our team works diligently to understand your specific needs, providing tailored policies. Our mission is to provide you with the clarity and coverage needed to face the future with total confidence, ensuring your legacy remains unshakable.