Fire Insurance

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Fire Insurance

Fire insurance policy is suitable for the owner of property, one who holds property in trust or in commission; individuals/financial institutions who have financial interest in the property. All immovable and movable property located at a particular premises such as buildings, plant and machinery, furniture, fixtures, fittings and other contents, stocks and stock in process along with goods held in trust or in commission including stocks at suppliers/ customer’s premises, machinery temporarily removed from the premises for repairs can be insured.

How to Make a Claim for Fire Insurance?

Understand the policy terms

Inform the insurer

Complete paperwork

Record loses as photographs, videos and documents

claims adjuster inspects the site and assess the damage

Insurer determines the compensation

Reviews the riembursement estimate

Opt for a replacement cost or actual cash compensation