Types of Fire Insurance

Types of Fire Insurance

  • Specific Fire Insurance Policy: this policy offers insurance for the specific objects against the fire outbreak
  • Comprehensive Fire Insurance policy: this policy contains fire breakout of objects and also benefits with other policy like burglary, robbery, etc.
  • Valued Fire insurance policy: the value is to be decided by the insurance company for a particular product, that what value to be given at the time of fire breakout.
  • Floating fire insurance policy: this insurance is for the business whose goods moves from one place to another.
  • Consequential fire insurance policy: this policy is given to the companies, in case of fire outbreak, this policy also covers sales loss, loss of good to be calculated.
  • Replacement fire insurance policy: this policy implies on new assets.