General Insurance · verified 5 September 2026

Fire Insurance

Protect property, stock and machinery against specified perils.

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What is fire insurance?

Fire insurance is not limited to flames: the chosen policy may cover listed perils such as lightning, explosion, storm or flood, subject to exclusions and excess. Businesses should also consider business interruption, because a property policy repairs assets but does not automatically replace lost profit.

Illustration of a home protected against fire, flood, storm and burglary — Visual guide: building, contents and different perils are separate decisions—select the sections you actually need.

Plain-language guide

Important terminology with examples

Definitions are educational summaries. The issued policy wording and schedule control every claim.

Standard fire and special perils

Property cover for specified perils such as fire, lightning and explosion, subject to wording.

Example: Every peril, exclusion and extension must be checked.

Bharat Griha Raksha

Standard home building and contents product for eligible dwellings.

Example: It is different from a commercial property policy.

Bharat Sookshma Udyam Suraksha

Standard package for eligible micro enterprises under the product criteria.

Example: Eligibility depends on value at risk and current wording.

Bharat Laghu Udyam Suraksha

Standard package for eligible small enterprises under the product criteria.

Example: Declare every location, stock and occupancy correctly.

Sum insured

The declared value at risk for building, plant, stock or other property.

Example: It must reflect the valuation basis in the policy.

Business interruption

Separate cover for defined loss of gross profit after insured physical damage.

Example: A fire policy alone does not automatically replace lost income.

Deductible/excess

The amount or period retained by the insured.

Example: The schedule may contain different excesses for catastrophe perils.

Warranty

A policy requirement about risk controls or use.

Example: Non-compliance can affect a claim where legally and contractually relevant.

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Companies offering relevant covers

Open a company page to review current plan families, eligibility guidance, coverage, exclusions and official documents.

National Insurance

Bharat Griha Raksha / Sookshma / Laghu

Fire Insurance

What is fire insurance?

Important terminology with examples

Standard fire and special perils

Bharat Griha Raksha

Bharat Sookshma Udyam Suraksha

Bharat Laghu Udyam Suraksha

Sum insured

Business interruption

Deductible/excess

Warranty

Companies offering relevant covers

National Insurance

The New India Assurance

The Oriental Insurance

United India Insurance

Bajaj General Insurance

Cholamandalam MS General Insurance

Generali Central Insurance

Go Digit General Insurance

HDFC ERGO General Insurance

ICICI Lombard General Insurance

IFFCO Tokio General Insurance

IndusInd General Insurance

Liberty General Insurance

Magma General Insurance

Raheja QBE General Insurance

Royal Sundaram General Insurance

SBI General Insurance

Shriram General Insurance

Tata AIG General Insurance

Universal Sompo General Insurance

Zuno General Insurance

Zurich Kotak General Insurance

Six checks that prevent avoidable surprises

Correct insured

Full disclosure

Coverage limits

Exclusions

Claims process

Official wording

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