The Fire Coverage Component: Beyond the Flame

The fire section of policy is built on the foundation of the Standard Fire and Special Perils (SFSP) Policy and IRDAI-mandated simplified policies like Bharat Sookshma Udyam Suraksha (for micro enterprises) and Bharat Laghu Udyam Suraksha (for small enterprises). This section covers more than just fire damage; it extends to a wide array of allied risks, including:

• Natural Calamities: Damage from cyclones, storms, floods, tempests, and rockslides.
• Explosions and Implosions: Coverage for damage caused by internal or external explosions.
• Man-Made Perils: Damages resulting from riots, strikes, malicious damage, and terrorist acts.
• Aircraft and Missile Damage: Protection against damage caused by aircraft or airborne devices.
• Impact Damage: Coverage for damage caused by road vehicles, rail vehicles, or animals touching the insured property.

Crucially, fire coverage compensates for the cost of repair or replacement, including essential expenses like the Removal of Debris and fees for Architects and Surveyors necessary for rebuilding, ensuring you receive true restoration, not just partial compensation.

The Burglary Coverage Component: Securing Your Assets

Burglary insurance covers the financial loss of property resulting from theft following a forceful and violent entry or exit from the premises. This is the cornerstone of asset protection for both homes and businesses.

• Contents Coverage: Protection for furniture, fixtures, machinery, equipment, raw materials, and finished stock-in-trade.
• Damage to Premises: Compensation for structural damage caused by the intruders during the act, such as broken doors, windows, and damaged safes.
• Hold-Up/Robbery: Coverage for loss resulting from armed robbery or hold-up, particularly important for businesses handling cash.