Fire Insurance for Non-Hazardous Goods Storage

Fire insurance for non-hazardous goods storage provides coverage for the loss or damage caused to the stored non-hazardous goods due to fire accident. The insurance policy also provides coverage for the damage caused to the storage space where the goods are stored.

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Inclusion & Exclusion in Fire Insurance for Non-Hazardous Goods Storage

Here are the inclusions and exclusions of fire insurance for non-hazardous goods storage:

Inclusion Exclusion
Any damage or loss caused due to fire is covered. Any loss or damage caused by any nuclear peril stored in the Non-hazardous Goods Storage is will not be covered.
Loss or damage caused due to lightning that cracks or damages the roof of the Non-hazardous Goods Storage will be covered. Any loss or damage caused due to short circuit will not be covered.
Any loss or damage caused due to explosion will be covered. Any loss or damage cause due to war or civil war etc. will not be covered.
Any loss or damage caused due to an aircraft crash or any items dropped from an aircraft causing damage to the Goods Storage will be covered. Any loss or damage caused to the products stored in the Non-hazardous Goods Storage due to temperature change will not be covered. 
Any loss or damage caused to the Non-hazardous Goods Storage during a terrorist attack will be covered. Any loss or damage caused due to earthquake or volcanic eruption etc will not be covered but there are add-on available that you can purchase separately for extra coverage.
Any loss or damage caused by bush fire if the Non-hazardous Goods Storage is surrounded with bush fire will be covered. No cover will be provided for the loss in the market or share market of the company.
In case the water tank overflows or burst out, the insurer will provide cover for it.  In case any item is stolen from the Non-hazardous Goods Storage then there will be no coverage provided but there are add-ons available that you can purchase separately.
Natural calamity like storm, landslide, etc that caused damage to the Non-hazardous Goods Storage will be covered. The policy will not provide cover for anything that is not mentioned in the policy coverage list.

Fire Insurance for Non-hazardous Goods Storage: Add-ons

There are several add-ons available that you can purchase for extra coverage in case you are not satisfied with the existing policy coverage. They are as follows:

  • Loss of Rent
  • Architects fee
  • Leakage cover
  • Start-up cover
  • Forest fire
  • Molten metal spillage cover

Fire Insurance for Non-Hazardous Goods Storage: Claim Process

The most important thing that you need to know is how to raise a claim when there has been a fire accident that caused damage to the Non-hazardous Goods Storage:

  • Contact your insurer and tell about the fire accident so that they can begin the process from their end.
  • Provide every detail related to the damage caused to the Storage space and stored goods.
  • Cooperate with the surveryors when they visit the Goods Storage.
  • After the survey, the insurance company will begin the procedure for claiming process.
  • Then in few days your claim will be settled.

Fire Insurance for Non-Hazardous Goods Storage: Documents Required 

You need to provide a few documents along with the claim form to the insurer so that they can begin the process of claim settlement:

  • Properly filled claim form
  • Newspaper cutting if it was printed by any newpaper agency/company
  • Previous claim record, if any
  • Report of fire brigade
  • Forensic report if required 
  • Final investigation report copy

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