Keep your property safe with the best fire coverage.

No. Despite the name, these are “Multi-Peril” policies. It automatically cover natural disasters like Floods, Storms (STFI), Landslides, and Bushfires , man-made risks likeRiots, Strikes, and Malicious Damage. Impact Damage: Damage caused by a vehicle or falling aircraft.

In the Bharat Griha Raksha (Home) and Udyam (Business) policies, Earthquake is a built-in cover. You no longer have to pay an extra premium for it, which is a major benefit for those living in seismic zones like Delhi-NCR or the Himalayan belt.

Market Value means pays the cost of the asset minus depreciation (common for stocks) where as Reinstatement Value means pays the cost of replacing the item with a new one of the same kind (standard for buildings and machinery). Most 2026 policies prefer Reinstatement Value so you aren’t left short-handed during repairs.

There is a specific exclusion called the “Electrical Risks” clause. If a short-circuit damages a specific machine, the machine itself is not covered under fire insurance (you need Machinery Breakdown insurance for that). However, if that short-circuit starts a fire that spreads and burns down the rest of the factory, that entire fire damage is covered.

Generally, no. Standard fire insurance in India covers goods kept inside a “fully enclosed” building. If you store raw materials in an open yard, you must specifically inform the insurer and pay an extra premium to cover “Stocks in the Open.”

If your home or factory is unoccupied for more than 30 days without prior notice to the insurer, the cover automatically ceases. Always inform your insurer if you are shutting down for a long period.