Features of Fire Insurance Policy
Fire insurance is a contract between the policyholder and the insurance company that states to provide financial compensation if the insured's property is damaged due to fire. As per the property's market value, the insured gets financial compensation for the damaged property due to fire.
Features of Fire Insurance Policy
Be it a large-scale or small-scale business or even your home, buying a fire insurance policy is very important to safeguard it against damages due to a fire accident. The important features of fire insurance policies are mentioned below in the given list:
- Based on the sum insured under your chosen insurance policy, the insurance company under the fire insurance plan will provide financial compensation up to a specific limit.
- If there is any damage or loss to a property due to a fire accident it will cover under a fire insurance policy.
- A fire insurance policy provided by any insurance company needs to be renewed before it expires.
- The property for which a policyholder buys a fire insurance plan must have an insurable interest. This insurable interest should be there during both the time of buying insurance as well as while raising a fire insurance claim.
- It is important to note that the only policyholder is eligible to receive the insurance benefits under the fire insurance plan. Moreover, You must also understand that if there is any loss or damage directly due to a fire accident, then only a fire insurance claim can be raised.
- To raise a fire insurance claim successfully, the policyholder must understand everything about the property coverages under the fire insurance plan. This will reduce any confusion and help during the time of raising a fire insurance claim.
Benefits of Buying Fire Insurance
There are umpteen benefits to buying a fire insurance plan. Some of the benefits of buying fire insurance are listed below:
- A fire insurance policy provides coverage to the insured property if it is completely or partially damaged. The coverage depends on the sum insured under your fire insurance plan.
- With fire insurance, policyholders can also get coverage if a property is lost or damaged by the firefighters during the process of extinguishing or preventing fire outbreaks.
- A fire outbreak may incur a deep hole in the savings. However, with a fire insurance plan, you can stay stress-free as all the damage due to a fire outbreak gets covered.
Why Buy Fire Insurance From InsuranceDekho?
Here are some convincing reasons why you should buy a fire insurance plan from InsuranceDekho:
- With InsuranceDekho, you can get your fire insurance policy issued within minutes. On submitting a few details, you will be able to buy a fire insurance policy with InsuranceDekho in just 5 minutes.
- On buying a fire insurance plan with InsuranceDekho you can enjoy dedicated team support. You can reach out to the team of InsuranceDekho at any time and get all your queries answered at any time.
- There is no paperwork involved when you buy fire insurance plans from InsuranceDekho. With InsuranceDekho, you can easily buy fire insurance plans from the comfort of your home and without any paperwork involved.
Take Away
Thus, protect your property against any damage due to the outbreak of fire with fire insurance plans. However, while buying a fire insurance plan, always perform a detailed comparison and then buy a desired fire insurance plan with InsuranceDekho.
