What Does FLEXA Mean In Fire Insurance?

FLEXA in fire insurance refers to Fire, Lighting, Explosion, and Aircraft Damage. These are some types of risks which are covered under the fire insurance claim. Some insurance policies, such as Standard Fire Special Perils (SFSP), the Bharat Sookshma Udyam Suraksha (BSUS) and the Bharat Laghu Udyam Suraksha (BLUS), offer financial assistance against FLEXA in fire insurance.

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