Fire & Natural Disaster | Theft within 7 Days of Peril Occurrence

Fire & Burglary Insurance provides coverage for physical loss or damage to buildings, stock, machinery, and other business assets due to fire, natural calamities, and theft. It helps businesses recover financially from unforeseen losses.

Fire Insurance covers losses due to fire, explosion, lightning, riots, earthquakes, floods, storms, and other natural disasters. It also includes damage due to electrical short circuits and accidental fires.

Burglary Insurance covers loss or damage caused by theft, housebreaking, and attempted burglary at the insured premises. The policy compensates for the stolen goods and any damages caused during the break-in.

The sum insured depends on the value of your building, machinery, stock, and other assets. Businesses can choose a coverage limit based on their risk exposure and financial needs.

Yes, if the sum insured is less than the actual value of the assets, the claim payout will be proportionately lower. It's crucial to choose an adequate sum insured.