5 Simple Step to Claim Fire Insurance

Despite taking many precautions, the probability of fire damage is always there. To minimise the loss caused by a sudden fire outbreak, insurance experts recommend Fire Insurance, for both small and large enterprises!
A fire explosion entails physical and mental trauma and the aftermath can be difficult to deal with. Hence, it is important to tackle the situation with calmness.

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Fire Insurance Claim Procedure

If you own fire insurance and in the position of having to claim your fire insurance policy, the below easy steps will help you ensure a fast claim settlement.

1. Make Use of any Available Financial or Resources Advance

 In case of a fire occurrence, you may have been forced to vacate the space and seek temporary shelter. If you don’t have enough money in hand to buy the essentials, you can intimate the insurer to extend some financial help in advance. However, the amount released as an advance payment will be adjusted with the total claim later, only if the insurer has such provision.

2. Estimate the Losses

 It is essential to estimate the total loss to get reimbursed fully. Try keeping a track of the losses incurred after the incident. While doing so just ensure that

  • Not to dispose of the burnt items
  • Not to repair the damaged infrastructures
  • Keep the evidence of damaged or lost items

3. Approach the Insurance Provider and File a Claim

It is advisable to inform the insurance provider as soon as a fire incident occurs. You can either call on their toll-free number or write them informing about the loss and request them to access the loss. You may need to submit a proof of loss claim indicating the loss or damaged items. The claim request should contain the below information

  • Date of loss
  • Type of loss or damage
  • Any related injuries
  • Condition of the home or office
  • Description of damaged contents
  • Location of damage
  • Others involved
  • Police FIR copy in case Police is involved

4. Estimation of Loss by the Surveyor

 A surveyor will be appointed by the insurance company to estimate the actual loss or damage in the spot of the incident. The claim estimation will be done basis on the report made by the surveyor. Help in the investigation to get reimbursed fully. Also, keep the original reports of the investigation or related documents for future reference.

5. It's not Over until You Say So

The insurance company might be in hurry to close your case, especially if there is a mass disaster. The reason is longer your claim is open, the greater the chance for you to find something that was overlooked earlier. In such a stressful situation, the probability is there that you may forget something important to list down in your initial claim. That’s why it is recommended to take your time before finally closing your claim.

You May Also like to Read: Do I Need Fire Insurance?
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Documents Required for Filing Fire Insurance Claim

 In order to claim fire insurance in India, the below documents need to be furnished:

  • Duly authorized copy of the insurance policy along with the schedule and endorsements
  • Duly filled claim form
  • Newspaper clip on the incident, if there is any
  • Photographs
  • Previous claim experience

Additional Documents

  • Initial committee report, which was compose for investigating the cause of the fire
  • Report of fire brigade (if necessary)
  • FIR/Letter of Intimation to the police station duly approved
  • Forensic reports
  • Final Investigation Report
You May Also like to Read: Fire Insurance: All You Need to Know

Choosing the Best Fire Insurance Policy in India

Fire incidents are unexpected and greatly disparaging. Therefore, having fire insurance is essential to deal with the aftermath. But selecting the right type of insurance is not easy. With plenty of insurance policies available in the market, you may get confused at the time of buying. Well, the online comparison comes at your rescue when such situation arises. There are many aggregator websites available that aid you with the right fire insurance in India. All you need to do is approach the right website, provide some information like your requirement, personal information and ask for suggestions. The website will suggest certain quotes based on your requirements. After comparing each of them, you buy the one that suits you perfectly. The comparison should be based on certain parameters such as claim settlement ratio of the insurer, the offered coverage and premium, features etc. This way right fire insurance can be ensured in India.

To Conclude

While reporting about fire insurance, make sure you do it without a delay. The entire process may take a little time or you may have to face multiple documentations, cross-questions, still, be patient while dealing with the investigators. In any point, if you feel you’re not getting paid the way you are expecting, you can raise the same with the insurer.  By following the right process, you can ensure a smooth fire insurance claim settlement with the insurer.

Written By: PolicyBazaar - Updated: 18 October 2023
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Policybazaar for Business - Fire Special Perils Insurance - Customer Reviews
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4.3/5
Based on 83 reviews
4.3
out of 5
Based on 83 reviews
13 users
66 users
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4.8 October 09, 2022
Aaftab
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.
Thiruvananthapuram
4.8 October 08, 2022
Balachandar
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 .
Mangaluru
4.8 October 07, 2022
Raahim
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.
Bengaluru
4.5 October 06, 2022
Aadi
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.
MP
4.8 October 05, 2022
Rohit
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.
Bhopal
4.3 October 04, 2022
Baban
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.
Chandigarh
4.3 October 03, 2022
Aarnav
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.
Assam
4.5 October 02, 2022
Jagadish
Affordable
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.
Ahemdabad
4.5 October 01, 2022
Rahul
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.
Surat
4.5 September 30, 2022
Baabul
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.
Gurgaon