Green Shape

Shield Your Property with Green Finance Fire Insurance

Comprehensive protection, quick claims, and peace of mind from fire risks.

Why Do You Need Fire Insurance?

Asset Protection

Fire insurance protects your valuable assets—buildings, machinery, stock, and more—from loss or damage due to fire or related perils. It ensures your business or home can recover quickly after an unfortunate incident.

Business Continuity

Fire insurance ensures minimal interruption to your business by covering repair costs, equipment replacement, and temporary relocation if necessary, allowing you to maintain operations.

Affordable Premiums

Despite its importance, fire insurance is relatively affordable. For a low annual premium, you can avoid catastrophic financial losses that might occur after a fire.

Legal & Loan Compliance

Many banks and landlords mandate fire insurance for properties or commercial loans. Being insured ensures compliance and strengthens your eligibility for financial support.

Types of Fire Insurance Policies

Valued Policy

This policy fixes the item's value in advance. Ideal for jewellery, art, etc. For example, if a ₹50,000 necklace is damaged, you’ll receive exactly ₹50,000.

Average Policy

Applied when the sum insured is less than the actual value. Example: ₹8L property insured for ₹5L. If damage is ₹6L, you'll get ₹3.75L due to the average clause.

Comprehensive Policy

This covers fire as well as other perils like burglary. Ideal for broader protection needs.

Floating Policy

Used to cover multiple properties at different locations under one sum insured. Great for shop owners with multiple locations.

Replacement Policy

Pays for the current replacement value (after depreciation). It restores your asset based on market value.

Specific Policy

Provides coverage up to a fixed sum, regardless of actual property value. No penalty for underinsurance.

Inclusions Under Fire Insurance

01

Fire & Lightning

Covers damage caused directly by fire or lightning strikes to insured property.

02

Explosion/Implosion

Protection against loss or damage due to sudden explosions or implosions.

03

Riots & Strikes

Covers damages caused by public disturbances like riots or strikes.

04

Natural Disasters

Includes coverage for storm, cyclone, typhoon, flood, and inundation.

05

Aircraft Damage

Covers damages caused by aircraft or other aerial devices crashing into the property.

06

Impact Damage

Loss or damage due to impact by vehicles, animals, or falling trees.