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12 Perils Covered under a Standard Fire and Special Perils Insurance Policy [Infographic]

Fire Insurance Policy

12 Perils Covered under a Standard Fire and Special Perils Insurance Policy [Infographic]

calendar Sep 26, 2023

author Qian

In this article

Business owners invest crores of rupees in assets such as plant and machinery, buildings, offices, warehouse stocks etc. Thus, it is important to secure these assets with a Fire Insurance Policy .

Fire Insurance, also known as a Standard Fire and Special Perils Insurance Policy provides reimbursement in case the insured assets are damaged by fire and associated perils.

It is important to understand the coverages under a Fire Insurance Policy .

A Fire Insurance provides cover against 12 Perils as follows:

Fire Insurance Policy

  1. What is a Fire Insurance Policy?
  2. What is the need for a Standard Fire and Special Perils Insurance Policy?
  3. What are the Perils covered under a Fire Insurance Policy?
  4. What are the Principles of a Fire Insurance Policy?
  5. Principle of Insurable Interest
  6. Principle of Utmost Good Faith
  7. Principle of Proximate Cause
  8. Principle of Indemnity
  9. Principle of Subrogation
  10. Principle of Contribution
  11. What are the Add-On Covers available in a Fire Insurance Policy?
  12. Types of Fire Insurance: What are they?
  13. Stock Declaration Policy
  14. Floater Policy
  15. Average Policy
  16. Agreed Value Policy
  17. What is Bharat Sookshma Udyam Suraksha Policy?
  18. What is Bharat Laghu Udyam Suraksha Policy?
  19. What can be Insured with a Fire Insurance (Standard Fire and Special Perils) Policy?
  20. How is the Premium calculated under a Fire Insurance Policy?
  21. How to fix Sum Insured under a Fire Insurance Policy?
  22. What are the Exclusions in a Fire Insurance Policy?
  23. How to Claim Fire Insurance?
  24. Get the Best Quotes for Fire Insurance Policy
  25. FAQS
  26. Testimonials

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Rekha Ramakrishana

Rekha Ramakrishana is a full-time Associate Editorial Director for QIAN, covering financial products and services. She has more than two decades of journalism experience, including 10 years of educating consumers about personal finance.

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