Fire Insurance

Armourr Insurance Broking Pvt. Ltd.

Fire insurance covers the risk of accidental loss / damages to the property due to fire and allied perils. Property covered under the fire insurance includes building and contents, raw materials, finished products and stocks in process, plant and machinery, electrical installations, furniture and fixtures and other contents. We arrange the following fire insurance policies to protect your assets from the perils of fire and allied perils.

Standard Fire and Special Perils Insurance
Fire Floater Policy
Fire Floater Declaration Policy
Bharat Griha Raksha Policy
Bharat Sookshma Udyam Suraksha Policy (BSUS Policy)
Bharat Laghu Udyam Suraksha Policy (BLUS Policy)
Industrial All Risk Insurance Policy (IAR)
Mega Fire Insurance
Fire Loss of Profit Insurance

Learn More

1.Standard Fire and Special Perils Insurance (SFSP)

Standard Fire and Special Perils Insurance covers 12 named perils such as Fire, Lightning, Explosion/Implosion, Aircraft Damage, RSMD (Riot, Strike, Malicious Damages), STFI (Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation), Impact Damage, Subsidence and Landslide including Rock Slide, Busting and/or overflowing of water tanks, apparatus and pips, Missile Testing Operations, Leakage from Automatic Sprinkler Systems and Bush Fires. There are more than 10 Add-on covers are available under STSP Insurance. This is a basic fire policy suits for any premises.

2.Fire Floater Policy

This policy covers loss or accidental damage to the stocks /finished products kept in various locations under a single sum insured.

3.Fire Floater Declaration Policy

This policy covers loss or accidental damage to the stock /finished products kept in various locations under a single sum insured. The salient features of this policy is that there is refund clause unused sum insured up to certain limits.

4.Bharat Griah Raksha Policy

This policy covers Home Building and contents therein under Standard Fire and Special Perils. There are two additional covers under the policy viz. (a) Cover for Valuable Contents such as jewels on Agreed Value Basis; and (b) Personal Accident Cover.

5.Bharat Sookshma Udyam Suraksha Policy (BSUS Policy)

This policy meant for small industries having insurable assets value of up to Rs.5 crores under fire insurance. This policy covers as Standard Fire and Special Perils insurance.

6.Bharat Laghu Udyam Suraksha Policy (BLUS Policy)

This policy meant for medium size industries having insurable assets value from Rs.5 crores up to Rs.50 crores under fire insurance. This policy covers as Standard Fire and Special Perils insurance.

7.Industrial All Risk Insurance Policy (IAR)

This policy covers loss or accidental damage to the property such as building contents, stock, stock in process, furniture and fittings, plant and machinery, electrical installations, gen set etc. due to Fire and allied Perils. To avail this policy, the insurance assets value should be more than Rs.50 crores. This policy has additional optional Cover for Machinery Breakdown, Boiler Insurance, Fire loss of Profit Insurance, Machinery Loss of Profit Insurance. In addition, burglary cover offered at free of cost by some insurers. The salient features of this insurance is that up to 15% underinsurance is accepted at the time of claim.

8.Mega Fire Insurance

This policy is like a tailor made all risk insurance policy covering fire insurance, business interruption, liability etc. with varied terms and conditions. This Mega Insurance policy is a specialized insurance policy designed for large scale industries with complex risk profiles. The minimum sum insured should be Rs.2500 crores at one or more locations.

9.Fire Loss of Profit Insurance (FLOP)

This policy covers the loss/reduction of gross profit of the insured due to reduction in turn over due fire on their insured properties. The preconditions to obtain this policy is that, the proposer should have a at least standard basic fire insurance. Claim will be admitted subject to admission of claim under fire policy.