Fire & Burglary Insurance Plans
Fire and Burglary insurance packages are designed to provide coverage for private or individual entities, companies, and businesses to cover any kind of loss resulting from fire and allied perils outside your control. By partnering with us at Coverbox, you can access flexible fire and burglary coverage with optional add-ons. Lets Compare and Buy Fire & Burglary Insurance from Coverbox. Currently, we offer two plans under our roster to insure your business:
Business Guard Sookshma Package Policy provides coverage for your property up to a sum insured of ₹5 Crores at one location. Lets Compare and Buy Fire & Burglary Insurance from Coverbox.
Business Guard Laghu Package Policy provides coverage for your property for a sum insured exceeding ₹5 Crores up to a maximum limit of ₹50 Crores at one location. Lets Compare and Buy Fire & Burglary Insurance from Coverbox.
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Documents Required to Raise Claim Under Fire & Burglary Insurance
Lets Compare and Buy Fire & Burglary Insurance from Coverbox. Below are steps to claim your fire :
- Notify Your Relationship Manager : Promptly notify your assigned relationship manager about the incident.
- Complete & Submit Claim Form : Complete and submit the provided claim form along with relevant documentation.
- Evaluation & Claim Registration : Your relationship manager will transmit the submitted details to the insurer to commence the claims process.
- Appointment of Surveyor : The insurer will designate a surveyor to assess the situation and determine the extent of damages.
- Document Submission : Once the survey begins, the surveyor will guide you through the necessary documentation process. Submit all required documents as instructed for smooth claim processing.
- Claim Settlement : Upon conclusion of the evaluation process and approval of your claim, the insurance company will quickly disburse the claim funds to you for timely resolution of the incident.
Please Note : To enable claims to be dealt with promptly, the assured or their agents are advised to submit all the supporting documents without delay, including the items mentioned above. The insurer will carefully review the terms and conditions of your policy to ascertain coverage eligibility for the reported incident. Consequently, the decision to accept or reject the claim will be made solely by the insurer. Lets Compare and Buy Fire & Burglary Insurance from Coverbox.
Inclusions Under Fire Insurance in India
| Insured Events | Details |
|---|---|
| Fire | Physical damage, loss or destruction caused to the insured property. This includes fires caused due to its own fermentation, natural heating or spontaneous combustion. Lets Compare & Buy Fire and Burglary Insurance from Coverbox. |
| Bush Fire/Forest Fire/Jungle Fire | Spontaneous fires due to extreme weather conditions or setting fire to overgrown bushes, which end up causing damage to the insured property, are covered, |
| Explosion or Implosion | Damages caused by fire explosions or implosions. (Explosions here would mean the violent tearing apart of a permanent structure and the forceful ejection of its components) |
| Lightning | Damages and fire outbursts caused by lightning are covered. |
| Landslides/Rockslides | Property damages resulting from land subsidence (the sudden sinking of land), landslides and rockslides. |
| Impact Damage | Damages caused by the impact of external physical objects like vehicles, animals, falling trees, aircraft, walls, etc. |
| Missile Testing Operations | Damages or losses incurred due to missile testing operations performed on property premises. |
| Riots, Strikes and Malicious Damages | Damages and losses caused to the insured property due to riots, strikes or fear-mongering activity. |
| Bursting or Overflowing of Water Tanks, Apparatus and Pipes | Water damage caused to the insured property from the mentioned causes. |
| Leakage From Automatic Sprinkler Installations | Damage from accidental water discharge from automatic sprinkler systems |
| Earthquakes and Volcanic Eruptions | Violent destruction and loss caused to insured property or goods from the mentioned perils. |
| Storms, Cyclones, Typhoons, Tempests, Hurricanes, Tornados, Tsunamis, Floods and Inundations | Violent destruction and loss caused to insured property or goods from the mentioned perils. |
| Theft | Within 7 days from the occurrence of and proximately caused by any of the above-insured events |
Inclusions Under Burglary Insurance in India
| Insured Events | Details |
|---|---|
| Loss or Damage to the Contents | Caused by burglary/housebreaking or hold-up. (Content here implies articles or things in your premises that are not permanently attached or fixed to the structure of your premises) |
| Damage to the Premises | Any damages caused to the premises as described in your policy terms during burglary/housebreaking or hold-up. |
| Repair/ Replacement of Locks and Keys of Safes and Strong Room (Room for the Secure Storage of Money) | Any damages caused to the premises as described in your policy terms during burglary/housebreaking or hold-up, which is subject to a limit of 5% of the admissible claim |
| Repair Cost of Underground Cable, Pipes and Overhead Tanks | Any damages caused to the premises as described in your policy terms during burglary/housebreaking or hold-up, which is subject to a limit of 5% of the admissible claim |
| Loss or Damage to Asset/Equipment (Excluding Stocks) | Can be acquired during the policy period; Liability will not exceed 5% of the sum insured on items as mentioned in the policy schedule; The insured must notify us of each additional insurance and pay the additional premiums from the date of inclusion. |
| Theft (Optional) | On Payment of an Additional Premium Coverage for theft without actual forcible and violent entry or exit from the premises by the person or persons committing such theft. |
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