Fire Insurance for Shop

Fire insurance for shop provides coverage for the loss or damage caused to the shop as well as the goods kept inside the shop. This insurance policy not only provides coverage for the damages caused due to fire accident but also specified natural calamities, landslides, etc. It is suggested to the shop owners to go through the inclusions and exclusion of the insurance policy while purchasing the insurance policy.

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Fire Insurance for Shop: Inclusion

Fire insurance for shop provides coverage for the following perils:

  • Fire: Since it is a fire insurance policy, it provides cover for damage or loss caused by fire. 
  • Lightning: In case of any damage or loss caused by lightning that breaks the roof of your shop is covered.
  • Explosion: In case of an explosion that turns into a fire is covered under this policy.
  • Damage by Aeroplane: If an aeroplane carshes on your shop and damages the property. The policy will cover for the damage
  • Natural Calamity: In case of an storm, typhoon that caused damage to your shop will be covered.
  • Landslide/Rockslide: In case you have a shop in a hilly area and a landslide or rockslide causes damage then this policy will provide cover for the damages.
  • Overflowing of Tank: In case you have a water tank on the roof of your shop and it overflows or busrt out and damages your property will be covered under the policy.
  • Bush Fire: If there are bushes around your shop and they catch fire and damage your property, then this policy will cover for the damage.

Fire Insurance for Shop: Exclusions

Fire insurance for shop does not provide coverage for the following perils:

  • Willful or intentional damages
  • Missing property 
  • Pollution of contamination
  • War, invasion or warlike situation
  • Consequential losses are not covered
  • Damage caused by a nuclear attack 
  • Damage caused to your shop by a terrorist attack
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Eligibility Criteria

There are eligibility criteria that need to be fulfilled in order to purchase a fire insurance policy.

  • If you own a shop and willing to protect it from any unforeseen incdent, you can purchase the policy.
  • If you own a shop that sells furniture, own a home or a commercial building then you can purchase the policy.
  • If you have a godown where you keep the extra content of your shop then you can also purchase the policy.
  • Banks, Research institutes can also purchase the policy.

Fire Insurance for Shop: Claim Process

In case of a fire accident, you can follow the below-mentioned procedure to raise the claim. 

  1. First of all, inform the insurance company and fill the claim form.
  2. Tell them about the damage in detail.
  3. An estimated amount of the content should also be provided to the insurance company.
  4. A team of inspectors will come to survey the shop.
  5. Assist them while they are surveying the shop.
  6. Once they are done, the process to pay you for the damages caused will begin.

Documents Required to Raise Claim

When you raise a claim against the fire incident, you will have to provide a set of documents along with the claim form. They are as follows:

  • Policy copy
  • Claim form 
  • Any newspaper cutting that printed the fire incident. It will work as proof.
  • If you have raised any claim in previous year. 
  • Passport size photos as many required.
  • Report of the fire brigade
  • Investigation report copy


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  • Disclaimers+

    +Premium varies on the basis of Occupancy, Business Activity & Coverage Type . The premium of Rs 3400/year is for a pucca building with sum insured of Rs 50 lakh at selected locations, for property age less than 25 years and policy term of 1 year, rounded off to nearest 10. Additional premium is payable for the optional covers including contents opted. STANDARD TERMS AND CONDITIONS APPLY. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
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    The details of insurance coverage, inclusions and exclusions are subject to change as per solutions offered by insurance providers. The content has been curated based on the general practices in the industry. Policybazaar is not responsible for the factual correctness of these details.