Any individual who owns a property plant manufacturing unit stocks bank and financial institution etc.

Which assets are covered by fire insurance policy. Below mentioned assets are not covered. Finance or hisher successor in title. Coverage for damage caused by an earthquake may be purchased as optional coverage.

The premium for the policy is based on the market value of the property which is determined using predefined methods. These include fires brought about by electricity such as faulty wiring and gas explosions as well as. Fire Insurance is the perfect protection plan for your offices home and any other workplace.

Property Insurance. This insurance does not cover any loss or damage to property which at the time of the happening of such loss or damage is insured by or would but for the existence of this policy be insured by any marine policy or policies except in respect of any excess beyond the. Franchise means the amount of an insured loss for which the.

Should purchase a fire insurance policy. PAR IAR Insurance is more commonly used for commercial or industrial insured objects such as office buildings factories hospitals or modern market buildings. Fire insurance is usually included in your homeowners insurance policy but can be purchased as a separate or additional policy if needed.

Due to a fire-outbreak. Insurer by any Service Unit of the Council or by or on behalf of any Other Insured for insurance cover under any Section of this policy in respect of each year of insurance. It protects your building assets furniture and fixtures against series of perils.

Different types of fire insurance plans are offered in India depending on the coverage need of different individuals. Special types of policies are designed for machinery land and building and stocks. Landslides avalanches earthquakes and other earth movements While these are not covered in a home insurance policy resulting damage from a fire or explosion caused by earth movement would be covered.