Fire insurance is property insurance covering damage and losses caused by fire. The purchase of fire insurance in addition to homeowner’s or property insurance helps to cover the cost of replacement, repair, or reconstruction of property, above the limit set by the property insurance policy.
Fire insurance policies typically contain general exclusions, such as war, nuclear risks, and similar perils.
All-risk insurance that answers for loss and damage in the course of constructing buildings, roads or bridges, or in erecting, installing or operating machinery and equipment, subject to certain exclusions.
a) VALUED POLICY
b) SPECIFIC POLICY
c) AVARAGE POLICY
d) FLOATING POLICY
e) CONSEQUENTIAL LOSS POLICY
f) REPLACEMENT POLICY
g) MACHINERY BREAK DOWN INSURANCE
h) BOILER & PRESSURE PLANT INSURANCE
i) ELECTRONIC EQUIPMENT INSURANCE
j) DETERIOURATION OF STOCK INSURANCE