Fire Insurance for Garment Manufacturers

Fire Insurance for Garment Manufacturers provides coverage against loss or damage caused due to garment manufacturing plants due to fire accidents. The insurance plan also provides coverage for the loss or damage caused to the content that is specified in the plan.

Read more

Get right expert advice

Hassle free policy

Speedy Claims

Fast-track your search with instant quotes from prominent insurers

Get ₹50 Lakh cover
starting at ₹280/month+

Step 1/2

Get ₹50 Lakh cover starting at ₹280/month+

secure-icon We don't spam
Get Updates on WhatsApp
Check Your Premium Now

Get ₹50 Lakh cover
starting at ₹280/month+

Step 2/2
Fast-track your search with instant quotes from prominent insurers
Expert advice

Buy right

Instant policy

Quick & Hassle free

Dedicated team

Speedy Claims

Fire Insurance for Garment Manufacturers: Inclusions

The Insurance for Garment Manufacturers provides coverage for the following perils:

  • Fire: Coverage for damages caused due to a fire accident.
  • Explosion: Damage caused due to any kind of explosion that leads to a fire incident.
  • Lightning: Coverage against damage caused due to lightning.
  • Damage by Aircraft: If an aircraft crashes or drops anything during a flight that damages the structure of the manufacturing plant.
  • Natural Calamity: Damages caused due to storms, cyclones, typhoons, etc.
  • Overflowing of Water Tank: In case the water tank kept on the roof of the manufacturing plant bursts out and damages the structure of the plant or the covered specified content in the plan.
  • Bush Fire: In case of a bush fire, the damages caused will be covered.

Fire Insurance for Garment Manufacturers: Exclusions

The insurance policy for garment manufacturers does not provide cover for the following perils:

  • Willful or intentional damage is not covered
  • Damage caused due to pollution or contamination
  • Any kind of damage caused to the electrical machines is not covered
  • Damage caused due to terrorist attacks is not covered
  • Any damage caused due to nuclear peril or attack is not covered
  • Loss caused to the policyholder in the share market is not covered.
Explore Fire Insurance

Fire Insurance for Garment Manufacturers: Claim Process 

In order to raise a claim under this insurance policy, follow the steps given below:

  1. Inform the insurer as soon as the fire accident takes place.
  2. Call the fire brigade to extinguish the fire
  3. The insurer will send an inspector to inspect the damaged premises
  4. Stay with the inspector and tells him/her everything they want to know
  5. Give a detailed account of the damaged perils
  6. Provide an estimated amount of the damage caused
  7. Once the inspection is done, the inspector informs the insurance company.
  8. The company begins the process of claim settlement from its end and settles the claim within the specified number of days.

Documents Required to File Claim

To raise the claim under this fire insurance plan, you will have to provide the following set of documents to the insurer:

  • Policy copy with schedule and included clauses
  • Filled claim form
  • If the incident gets published in a newspaper then attach the newspaper cutting as well
  • FIR, if any
  • Previous claims, if any
  • The report provided by the fire brigade
  • Any other documents required by the insurer

Fire Insurance for Garment Manufacturers: FAQs

Fire Insurance Articles
Fire is a major risk that can cause severe damage, often starting suddenly and destroying everything in its path...Read more
20 Feb 2019 by Policybazaar 41836 Views
Despite taking many precautions, the probability of fire damage is always there. To minimise the loss caused by a...Read more
04 Mar 2019 by Policybazaar 32730 Views
Fire insurance is essential for protecting property owners from financial loss due to fire damage. It covers the...Read more
06 Mar 2019 by Policybazaar 36482 Views
The reinstatement value is a method of claim settlement in a fire insurance policy. With the reinstatement value...Read more
27 Jul 2020 by Policybazaar 17756 Views
Most of the insurers until recently offered only Standard Fire and Special Perils (SFSP) fire policy to their...Read more
26 Dec 2022 by Policybazaar 3732 Views
The Doctrine of Approximation in fire insurance is a fundamental...Read more
12 Jun 2024 by Policybazaar 160 Views
Fire insurance protects businesses against financial losses...Read more
19 Mar 2024 by Policybazaar 449 Views
In the labyrinth of industrial operations, there exists a subset...Read more
27 Dec 2023 by Policybazaar 673 Views
Fire insurance plays a pivotal role in safeguarding factories...Read more
15 Dec 2023 by Policybazaar 928 Views
In the domain of Factory Fire Insurance, the protection of stock...Read more
11 Dec 2023 by Policybazaar 862 Views
Policybazaar for Business - Fire Special Perils Insurance - Customer Reviews
View all
Based on 83 reviews
out of 5
Based on 83 reviews
13 users
66 users
4 users
0 users
0 users
4.8 October 09, 2022
Amazing Customer Support
I am using a fire insurance policy from policybazaar and experienced amazing feedback from them in claim settlement. I have a sports merchandise shop that caught fire last yearI raised a claim which was resolved within a few days without any hassles.
4.8 October 08, 2022
Helpful Support
The support team of Policybazaar is really helpful and prompt. They solve all your queries fast. Would definitely recommend Policybazaar for purchasing insurance .
4.8 October 07, 2022
Extensive Cover
Got a fire insurance policy for my shop and it was really extensive with so many features. Purchased it from Policybazaar without paying any commission fees. Great coverage.
4.5 October 06, 2022
User Friendly Website
We deal in the cotton industry and suffered a huge loss last year because of the fire. We were looking for insurance to safeguard us financially from any such incident in the future. We landed on the policybazaar website and bought fire insurance. Their website is well managed and gives all the necessary information.
4.8 October 05, 2022
Plans Are In Budget
Had to purchase a fire insurance which should be in my budget as I run a very small store. Got a lot of affordable plans on Policybazaar and purchased the one that suited my budget. All plans are in budget and with so many features.
4.3 October 04, 2022
Covered My Shop
I have a shop of garments and it caught fire last year in which I lost items worth thousands. Purchased a fire insurance from Policybazaar and now I feel really relieved that it would financially cover my shop in such circumstances.
4.3 October 03, 2022
Faster Claim Settlement
A part of my warehouse having thousands of material caught fire. Luckily I had a fire insurance policy that I could claim and received compensation from them. It was such a relief. The claim settlement team at Policybazaar is helpful and really quick.
4.5 October 02, 2022
I have a warehouse of clothes and was planning to buy a fire insurance policy to cover my material from unwanted fire. Got a really affordable plan from Policybazaar with some really great features.
4.5 October 01, 2022
Budget Friendly
Wanted to cover my crockery shop from fire and was searching for an affordable plan. Found a great plan at Policybazaar which suited my budget.
4.5 September 30, 2022
Instant Purchase
Wanted a fire insurance policy for my crockery business and could purchase it instantly from Policybazaar. The process was quick instant and very easy.