Fire Insurance
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About Fire Insurance
To insure the loss by fire or the risksincidental to fire we require a fire insurance policy. Fire policies are issued to buildings,furniture, fixtures and fittings, plant and machinery, stocks, stocks held in trust and such other items.
A Standard Fire Policy can cover the loss or damage to the property insured caused by the perils of Fire, Lightning, Explosion/Implosion, Aircraft Damage, impact damage, Riot, Strike,Malicious damage, Terrorism , Storm, Cyclone, Typhoon, Hurricane, Tornado,Flood, Inundation, Impact damage, Subsidence and Landslide, Bursting and or overflowing of water tanks apparatus and pipes, Leakage from automatic sprinkler installations and so on.
It is also possible to obtain certain additional covers which are available along with the Standard Fire Policy. Fire policies are generally issued for one year but residences can be issued for more than one year. It is possible to obtain fire policies for buildings under construction and for factories which are shut down wherein no manufacturing activity is carried on which are termed as a silent risks.
There are special types of fire policies like Floater policies which are issued for stocks / raw material / finished stock which keep floating amongst various godowns, Declaration policies can be issued for stocks which keeps on fluctuating and Floater Declaration policies are also available.
There is a standard excess which has to be borne by the insured in a fire policy and there is a provision for voluntary excess also. The most important aspect in the event of a fire claim is that the origin of fire is not covered in the fire policy. To be more clear if the fire originates from a refrigerator the claim for the refrigerator is not payable under a fire policy although it would have been covered in the fire policy.
NOTE: THE BRIEF WRITE UP YOU FIND IN THIS WEBSITE FOR VARIOUS POLICIES IS ONLY A SYNOPSIS. THE DETAIL EXTENT OF COVERAGE WITH THE TERMS & CONDITIONS WILL BE SENT BY US TO YOUR MAIL ID ON REQUEST TO US. PLEASE MAIL TO CUSTOMERCARE@VIZZAFIN.COM
Fire Insurance
Let us assist you
About Fire Insurance
To insure the loss by fire or the risksincidental to fire we require a fire insurance policy. Fire policies are issued to buildings,furniture, fixtures and fittings, plant and machinery, stocks, stocks held in trust and such other items.
A Standard Fire Policy can cover the loss or damage to the property insured caused by the perils of Fire, Lightning, Explosion/Implosion, Aircraft Damage, impact damage, Riot, Strike,Malicious damage, Terrorism , Storm, Cyclone, Typhoon, Hurricane, Tornado,Flood, Inundation, Impact damage, Subsidence and Landslide, Bursting and or overflowing of water tanks apparatus and pipes, Leakage from automatic sprinkler installations and so on.
It is also possible to obtain certain additional covers which are available along with the Standard Fire Policy. Fire policies are generally issued for one year but residences can be issued for more than one year. It is possible to obtain fire policies for buildings under construction and for factories which are shut down wherein no manufacturing activity is carried on which are termed as a silent risks.
There are special types of fire policies like Floater policies which are issued for stocks / raw material / finished stock which keep floating amongst various godowns, Declaration policies can be issued for stocks which keeps on fluctuating and Floater Declaration policies are also available.
There is a standard excess which has to be borne by the insured in a fire policy and there is a provision for voluntary excess also. The most important aspect in the event of a fire claim is that the origin of fire is not covered in the fire policy. To be more clear if the fire originates from a refrigerator the claim for the refrigerator is not payable under a fire policy although it would have been covered in the fire policy.
NOTE: THE BRIEF WRITE UP YOU FIND IN THIS WEBSITE FOR VARIOUS POLICIES IS ONLY A SYNOPSIS. THE DETAIL EXTENT OF COVERAGE WITH THE TERMS & CONDITIONS WILL BE SENT BY US TO YOUR MAIL ID ON REQUEST TO US. PLEASE MAIL TO CUSTOMERCARE@VIZZAFIN.COM