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.

Read more
0
fire_shop

Get right expert advice

Hassle free policy

Speedy Claims

Fast-track your search with instant quotes from top 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
By clicking on "" you agree to our Privacy Policy and Terms Of Use

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

Step 2/2

Popular Cities

Get Updates on WhatsApp
Fast-track your search with instant quotes from top insurers
Expert advice

Buy right

Instant policy

Quick & Hassle free

Dedicated team

Speedy Claims

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

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

FAQs

Fire Insurance Articles
Fire insurance is a kind of contract between the insurance company and the insured, where the insurer assures to...Read more
20 Feb 2019 by Policybazaar 37227 Views
Protecting your business against fire-related outbreak is essential.  Fire Insurance is the ideal protection...Read more
06 Mar 2019 by Policybazaar 33824 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 30091 Views
Every property that you own is valuable. Whether it is your house or your office, it takes a lot of money to buy...Read more
27 Jul 2020 by Policybazaar 15390 Views
As per the India Risk Survey Report 2021, businesses consider fire the fourth disruptive risk. Fire is voted the...Read more
08 Aug 2022 by Policybazaar 3976 Views
In the unpredictable world of business, where unforeseen...Read more
23 Nov 2023 by Policybazaar 20 Views
Factories heavily rely on electrical systems to keep operations...Read more
22 Nov 2023 by Policybazaar 20 Views
Commercial property insurance is a crucial investment for...Read more
31 Jul 2023 by Policybazaar 328 Views
Owning a commercial building can be a significant investment...Read more
31 Jul 2023 by Policybazaar 338 Views
Fire Insurance for Garment Manufacturers provides coverage...Read more
01 Mar 2023 by Policybazaar 644 Views

Wait! Didn't find what you were looking for?

Our certified business insurance experts are just a call away.

Your call has been scheduled successfully.

Thank you
Our experts will provide you assistance with your
insurance coverage. Be assured, all your questions
will be answered
  • Disclaimers+

    +Premium varies on the basis of Occupancy, Business Activity & Coverage Type
    By clicking on "View Plans" you agree to our Privacy Policy and Terms Of Use and also provide us a formal mandate to represent you to the insurer and communicate to you the grant of a cover.
    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.

top