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What are The Risks Covered under A Fire Insurance Policy

​Fire insurance policy is basically a contract between the buyer and the insurer, where the insurer guarantees to pay for the damage or loss caused to the property of the insurer for a particular time period. The policy is initially bought for a period of one year and it can be renewed every year. 

Fire insurance safeguards property against unexpected risks where the value of assets is analyzed according to their market value, considering factors like depreciation and also appreciation in case of inflation. Fire insurance coverage includes mishaps caused due to accidental fire, lightning, implosion or explosion, etc. And also, man-made perils such as bursting of water tanks and pipelines or overflowing, leakages from water sprinkles, and so on. 

What is covered?

The fire insurance policy covering a wide array of inclusions and hence renamed as standard fire and special perils policy covers the below-mentioned risks-


The policy delivers cover against any kind of damage caused due to a fire-related accident; however, it does not cover for damages or destruction caused to the property insured by own natural heating, fermentation, spontaneous combustion. Also, damages caused to the property due to drying and heating process cannot be treated as damage due to the fire. Plus, the burning of property insured by order of any Public Authority is taken out from the cover. 


Fire or any other damage caused by lighting is covered by the policy. For example, lighting can cause a fire or other types of damage like cracks in the roof or building which fire insurance will cover.

Explosion or Implosion:

The policy covers fire damaged caused due to explosion or implosion. The policy, however, does not cover damage or destruction caused to the boilers, economizers, or other vessels that release steam and apparatus or machinery that utilizes centrifugal force to function. Pressure & Boiler Plan Insurance Policy will basically cover these risks. 

Aircraft Damage:

Both fire and other damage to the property caused directly by aircraft or any aerial device, also damages caused by things dropped by aircraft are covered in the fire policy. However, damages due to pressure waves caused by aircraft traveling at supersonic speed are taken out from the policy. 

Impact Damage:

Impact by an animal, a vehicle, or by an off-track rail to the property is covered, delivered by the vehicle or the animal should not belong to the owner of the property or any other occupier of the premise. Moreover, the impact caused by the vehicle by any of the employees while acting in the course of their employment is not covered. In the policy damages occurring to the boundary wall of insured property are also included in the coverage. 

Other than the above-mentioned perils there are many more that fire insurance policy covers. It’s just that you have to buy fire insurance ​from the right insurance company so that you can get all the advantages of this insurance plan. So what are you waiting for? Choose a trustworthy insurance company and get the policy.