What type of insurance covers fire?

Homeowners insurance typically helps protect personal belongings from specific risks (described in most policies as “perils”), such as fire and lightning strikes. If your belongings are damaged or destroyed in a fire, homeowners insurance may help pay to repair or replace them.

What is a fire insurance policy?

What Is Fire Insurance? The term fire insurance refers to a form of property insurance that covers damage and losses caused by fire. Most policies come with some form of fire protection, but homeowners may be able to purchase additional coverage in case their property is lost or damaged because of fire.

What is the example of fire insurance?

For example, the valuation of your shop and goods inside the shop is Rs. 20 lakh, but you are taking a fire insurance of Rs. 10 lakh. In such a situation, if a fire in the shop leads to damage worth Rs.

Is fire insurance is a general insurance?

Ans: Your building may get damaged due to fire or other perils and the losses will not be covered by a general insurance policy. For that, you’ll need a fire insurance that will cover the damages sustained by the building.