Fire Insurance

This type of insurance provides coverage against the damages or the losses that have been caused due to fire. Fire insurance offers financial protection to property owners through commendation for the loss or damage to their property, belongings or assets which are caused due to incidents of fire. This type of insurance can be purchased for both residential and commercial properties. The fire insurance covers damages that is caused directly by fire that majorly depends on the policy which was caused by related perils such as smoke, water that is used to extinguish the fire, explosions and sometimes lightning strikes.

The fire insurance policies can have certain exclusions that includes specific events or situations that are not covered by the policy. This can include the intentional acts, acts of war, nuclear events and several non-fire-related events. It is therefore important that the terms and conditions are reviewed properly before purchasing the policy and understand the coverage limits, exclusions and the process for filing claims. You should further ensure that you consult the insurance professionals to get proper guidance on coverage that suits your needs and circumstances.