Standard Fire & Special Perils Insurance Policy

We won’t let fire burn a hole in your pocket.

This standard fire and special perils insurance policy insures your movable and immovable property and includes buildings, plant and machinery, furniture, fixtures, fittings and other contents, stocks and stock in process, goods held in trust or in commission including stocks at supplier's/ customer's premises, machinery temporarily removed from the premises for repairs.
Individuals or institutions which hold a property in a trust or in a commission or have financial interest in a property.

Additional Covers

Loss or damage due to:

  • Fire
  • Lightning
  • Explosion/implosion
  • Aircraft damage
  • Riot, strike, malicious damage
  • Storm, cyclone, typhoon, tempest, hurricane, tornado, flood and inundation
  • Impact damage
  • Subsidence and landslide including rockslide
  • Bursting and overflowing of water tanks, apparatus and pipes
  • Missile-testing operations
  • Leakage from automatic sprinkler installation
  • Bush Fire
Fire Insurance


  • Excess amount
  • Loss or damage caused by war or war like situations
  • Loss caused by ionising radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste
  • Loss or damage by pollution or contamination except due to an insured peril
  • Loss, destruction or damage to bullion or unset precious stones, any curios or works of art for an amount exceeding Rs. 10,000/- unless expressly stated in the policy
  • Loss, destruction or damage to the stocks in cold storage premises caused by change of temperature
  • Loss, destruction or damage to any electrical machine, apparatus, fixture or fitting arising from or occasioned by over-running, excessive pressure, short circuiting, arcing, self-heating or leakage of electricity
  • Loss of earnings,loss by delay, loss of market or other consequential or indirect loss or damage of any kind or description whatsoever
  • Loss or damage by spoilage resulting from the retardation or interruption or cessation of any process or operation caused by operation of any of the perils covered
  • Loss by theft during or after the occurrence of any insured peril except as provided under Riot, Strike, Malicious and Terrorism Damage Cover
  • Fire due to own fermentation, natural heating or spontaneous combustion of the stocks or by their undergoing any heating or drying process
  • Burning by order of any public authority
  • Explosion of boilers or steam generating vessels & machinery resulting from their own explosion/implosion or caused by centrifugal forces
  • Pressure waves generated by the aircraft
  • Total or partial cessation of work/retarding/interruption of any process or operations arising out of riot, strike, malicious damage
  • Burglary, house breaking, theft, larceny arising out of riot, strike, malicious damage
  • Impact damages by rail/road vehicle/animal belonging to the insured or employee or any occupier of the premises
  • Normal cracking, settlement, bedding down, upheaving of land/structures, coastal or river erosion, defective design, workmanship or use of defective materials
  • Destruction or damage caused by forest fire
  • The type of occupancy: whether industrial or otherwise
  • Claim experience
  • Fire protection system
  • Add-on covers opted
Fire insurance policy in India is one of the traditional covers that has been into existence since long. It offers succor in case there is a loss of property due to Fire or associated mishaps such as lightning, explosion etc. Development of fire Insurance can be traced back to 1601 A.D when the Poor Relief Act was passed in England. Church would issue letters for collection to help those who suffered losses from fire. In Sept 1666 as a result of great fire in London 80% of the city was destroyed within a span of three days. It sowed the seeds of fire Insurance. Initially, only buildings were insured and the first fire office was established by a builder Nicholas Barbon in 1680. In 1708, Charles Povey founded the Traders Exchange for insuring movable goods, merchandise and stocks against loss or damage and this was the first to insure both the building and its content. By turn of 19th century many prominent

fire insurance companies

came into existence.



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