Fire Insurance
Shield Your Property Against the Unpredictable with Fire Insurance by CoverBee
Fire incidents can result in devastating financial losses. Whether it’s your home, office, warehouse, or shop CoverBee’s Fire Insurance policies help you recover swiftly from fire-related damages, so your business or personal life doesn’t come to a standstill.
What is Fire Insurance?
Fire Insurance is a contract that offers financial protection against loss or damage caused by fire, lightning, explosion, or implosion. It can also cover smoke damage, water damage from firefighting, and additional perils based on the plan.
At CoverBee, we offer tailor-made Fire Insurance policies for individuals, homeowners, shopkeepers, and business owners to ensure that their property is secured against fire and allied risks.
Why Fire Insurance is Essential
● Protection Against Financial Ruin: Fire can destroy years of investment insurance ensures you’re not starting from zero.
● Compliance and Credibility: Businesses with fire insurance demonstrate risk awareness and reliability.
● Mandatory for Loans: Many banks and NBFCs require Fire Insurance as a pre-condition for property loans.
● Peace of Mind: Knowing your property is backed by an insurance plan helps you focus on growth, not damage control. processing with 24×7 support (Incoterms)
Who Should Buy Fire Insurance?
● Homeowners & Tenants – To protect structure, interiors, and household contents
● Shop Owners – To cover merchandise, fittings, and rental loss
● Industrial & Factory Owners – For protection of machinery, stock, and infrastructure
● Commercial Real Estate Investors – To preserve the value of leased/rented propertie
● Warehouse Operators – For safeguarding stored goods against fire-related risks coverage
Add-On Covers You Should Consider
Loss of Rent & Alternate Accommodation
Helps you recover costs if your property becomes uninhabitable.
Stock Declaration Policy
Ideal for businesses with fluctuating inventory levels.
Debris Removal
Covers expenses incurred in cleaning up post-fire damage.
Spontaneous Combustion
Especially useful for industries storing combustible material (e.g., cotton, coal, hay).
Start-Up Expenses for Restarting Business
Helps cover costs involved in getting your business back up after damage.
Fire Insurance FAQs
No, but it's highly recommended for any property residential or commercial. In some cases, like mortgages or business loans, banks may make it mandatory.
Yes, with CoverBee you can include household items, electronics, appliances, furniture, and valuables in your coverage.
Sum insured is based on the reinstatement value of your property i.e., cost of rebuilding and replacing assets at current market rates.
Typically, you need proof of ownership, property valuation, KYC documents, and photos of the property. Businesses may also need stock or asset declarations.
- Notify CoverBee immediately
- File an FIR (if applicable)
- Provide fire brigade report and photographs
- Submit estimate of loss
- Cooperate with surveyor/inspector for verification
We process claims quickly and transparently.
Yes, through optional add-ons like STFI (Storm, Tempest, Flood, Inundation) and Earthquake covers.
Yes. Fire policies can be purchased for short-term durations (even a few months) for events, projects, or temporary setups.
Yes, both owners and tenants can insure property and contents respectively. We help you select the right model.