STFI Cover in a Fire Insurance Policy stands for Loss, destruction or damage directly caused by Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood or Inundation excluding those resulting from earthquake, Volcanic eruption or other convulsions of nature. The STFI Cover is an add-on Cover in a Fire Insurance Policy which enhances the Policy Coverage
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 […]
A fire accident can bring your factory to a standstill for several months or even years. During this time, the business not only suffers from damage to various assets but also from the loss of profit as you will be unable to run the business due to damage to the plant and machinery. Fortunately, there […]
A Fire Insurance Policy is one of the most important insurance policies for any business owner. A Fire-related Damage can cause losses to the tune of Crores of Rupees. There have been many fire accidents over the years which has destroyed factories, Plants and Machineries and set many businesses back by years. Additionally, restarting business […]