What Is Fire Insurance?

Fire insurance is an agreement between you (the insured) and the insurance company.
You pay a premium, and in return, the insurer compensates you for damage to property or goods caused by fire during the policy period.


Types of Fire Insurance Policies

  1. Valued Policy

  2. Specific Policy

  3. Comprehensive Policy

  4. Floating Policy

  5. Replacement/ Reinstatement Policy


    Benefits

    ✅ Protects property, assets, and inventory from fire loss
    ✅ Helps resume business operations faster
    ✅ Offers peace of mind and financial stability
    ✅ Required for business loans or property financing