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Shree Sai Insurance
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GIC – General Insurance Products

Fire & Property Insurance

Protection for commercial and industrial property against fire and other listed perils.

Contact Us+91 98672 00166

How we help

A fire and property policy covers a business's premises, machinery, furniture and stock against loss or damage from fire and the other perils named in the policy, such as lightning, explosion, storm, flood and riot, depending on the cover chosen.

The sum insured must reflect the real value of what is covered. If it is set too low, the insurer can reduce a claim in proportion, so we help you value buildings, machinery and stock before the policy is issued.

Additional covers, such as loss of profits after a fire, can be added. We explain which extensions suit your business and which documents the insurer will want after a loss.

What it covers

  • Building, plant and machinery cover
  • Stock and contents cover
  • Covered perils as per the policy

Coverage, exclusions, and claim conditions depend on the policy and insurer.

Before you decide

Points to check

  1. 01Sums insured that reflect the current value of buildings, machinery and stock
  2. 02The perils covered, and any you want to add
  3. 03Whether to add cover for loss of profits after a fire
  4. 04Fire safety measures the insurer expects at your premises
  5. 05The records and stock registers a claim will need

Common questions

What people ask us about Fire & Property Insurance

What happens if my sum insured is too low?

The insurer can apply average, paying only a proportion of the loss in line with the shortfall in cover. Reviewing values each year helps avoid this.

Is loss of profits covered?

Not under the basic policy. Business interruption cover is a separate extension, and we help you decide whether you need it.

Are floods and earthquakes included?

Only where the policy lists them. Some perils are in the basic cover and others are optional extensions, so we check the wording with you.

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Shree Sai Insurance is the practice of Amit Dhirajlal Waghela, an AMFI-registered mutual fund distributor (ARN-166386), not a SEBI-registered investment adviser. The firm earns commission from asset management companies on the schemes it distributes, does not charge a fee for distribution, and does not guarantee returns. Insurance is offered separately from the mutual fund distribution business. Mutual fund investments are subject to market risks. Read all scheme related documents carefully.