Welcome To Shri Balaji Global Insurance Solution Pvt. Ltd.!
Welcome To Shri Balaji Global Insurance Solution Pvt. Ltd.!
Coverage against financial loss & property damage caused by a fire or other covered perils
Fill In Your Details To Get Started
Completed Insurance
Expert Team Member
Happy Clients
Our Footprints
Fire insurance is a type of insurance that provides coverage if your property gets damaged or destroyed due to fire. Basically fire insurance policy in India is a contract under which the insurance company pays money as compensation if your properties are destroyed or damaged in fire. In other words, this insurance is designed to cover the insured for loss or damage to buildings and personal property by fire.
Fire insurance policies not only provide coverage for the expenses incurred for the reconstruction, replacement and repair of the insured property, but also the nearby structures. Furthermore, this fire insurance plan also provides protection for the people whose life or livelihood is affected due to property damage.
Fire insurance policy in India is governed by All India Fire tariff which has been issued by a legal body-Tariff Advisory Committee. As per standard plan of fire and special perils plans, all the movable and permanent properties on land can be insured. Various types of possessions can be insured under fire insurance policy in India, like industrial buildings, dwellings, offices, shops, places of worship and their contents, shops, shopping malls, clinics, hospitals, apartments, private houses and many more.
As per this policy, you will not only gets coverage against fire-related accidents but also other risks including theft, lightning, burglary, civil commotion, damage or loss due to pests etc. You will get a certain specified amount under this fire insurance policy in India.
If you are a businessman and engaged in import and export business, then this policy is the best option for you. This fire insurance policy provides coverage against the risk of goods lying at different places. But the goods should belong to the same person and a single policy with single premium will cover all the risk of all these goods.
Under this plan, the value of the property is decided. The insurance of this policy is decided based on the value of the property. As per the agreement the insurer will pay in the event of destruction of property by fire.
If any fire incident may take place, it may displace work in the factory, production may go down when the fixed expenses continue at the same rate. But this fire insurance coverage offers consequential loss or loss of profits. This loss of profits is calculated on the basis of loss of sales.
Policy ensures a risk of specific amount. A specified sum insured is decided for a certain belonging. In the event of loss of property, the insurer will pay the compensation for th loss if it is less than the specified amount.
Here is why having fire insurance coverage will always be a wise decision. You can buy fire insurance online.
It is heartening to hear all the good things that our customers had to say about our product benefits and customer service. Hear from our Customers who experienced with us.
Excellent Life insurance plan! Covers annual health check-up for all family members . The customer support is really good and fast. Would recommend SBGIS to all.
Usually, when we think of insurance, we have to do some research to understand what's covered. It's been one of the most hassle-free experiences so far.
I have been very satisfied with your platform and services so far. Everything is super simple.Thanks for your extraordinary support and we love the way you expressed with the customer.
Very helpful team of SBGIS, they explained each and everything about the policy with patience which made me to buy car insurance right now. Thanks.
Fire accidents are always unexpected but are heavily disparaging. Hence, having a fire insurance policy is essential. But now the question is how to choose the best fire insurance policy as there are plenty of insurers and plans to choose from. You may get confused while choosing the right fire insurance policy in India. Well, in such case you can compare fire insurance quotes online at sbgis.in .
Regardless of all the precautions, we can’t really foresee a disaster. That's why; you need to be composed in case any such state of affairs arises. In case of a fire, you can do the following:
In case of fire or other perils, your building may get damaged. And these losses or damages will not be covered by a general insurance policy. This is why; you will need fire insurance. It will cover the damages sustained by the building. Likewise, natural calamities also may cause devastating losses. As a consequence, it can burn a hole in your pocket. Therefore, you need fire insurance in order to safeguard your property.
Usually, general fire insurance doesn’t offer any coverage for these items, unless discussed with the insurer while buying the policy. However, on special request and subject to valuation, these items can be covered under a fire insurance policy.
