Standard Fire and Special Perils Policy cover all properties on land (excluding land cost), moveable or immoveable, Stock, Building, Furniture & Fittings, Plant & Machinery and Items covered specifically on declaration etc.
Standard Fire and Special Perils Policy cover all properties on land (excluding land cost), moveable or immoveable, Stock, Building, Furniture & Fittings, Plant & Machinery and Items covered specifically on declaration etc.
The perils include Fire, Lightning, Explosion / Implosion, Aircraft damage, Riot, Strike, Natural Disasters, Impact by vehicles/ animals, Bursting/ Overflowing of Water tanks, Apparatus etc, Missile testing, Bush fire and Pollution or contamination resulting from listed perils.
Such plans are usually offered on an annual basis. The premium package is based on the peril inclusions decided at the time of policy inception.
Any person / firm / organisation / institution who shall suffer financial loss in the event of operation of insurable perils shall insure such property under the fire policy. They shall be broadly categorised as under:
In addition to the perils/ expenses covered, the proposer shall opt to seek cover in respect of the following perils/ expenses at inception or during currency of the policy on payment of additional premium:
| Cover Type | Description |
|---|---|
| Forest Fire | Fire originating in forest areas spreading to insured property |
| Spontaneous Combustion | Self-ignition of materials due to chemical reaction |
| Omission to insure additions, alterations, or extensions | Cover for newly constructed or modified structures |
| Earthquake (Fire and Shock) | Damage caused by earthquake and resulting fires |
| Spoilage material damage cover | Damage to perishable goods due to power failure |
| Leakage and contamination cover | Damage from leakage of pipes or contamination |
| Temporary removal of stocks | Cover for goods temporarily removed from premises |
| Terrorism | Damage caused by terrorist activities |
| Deterioration of Stocks in Cold Storage premises due to power failure following damage due to an insured peril | Cover for spoilage due to power outage after an insured event |
| Impact Damage due to Insured's own Vehicles, Forklifts and the like and articles dropped therefrom | Damage caused by the insured's own equipment or vehicles |
To register your claim, you shall reach out to Insure Tech's toll-free number 1800 1234 303 or email care@insure.co.in. Our claim processing team will reach out to you and help you register the claim with the appropriate insurance company. We will also guide you through all the steps from registration to settlement.
Call our toll-free number or email us with your claim details
Submit all required documents for claim processing
Our team will assess your claim and coordinate with the insurer
Receive your claim settlement in a timely manner