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4 Mar 2017
Points to be considered while buying Fire insurance
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The most popular property insurance is the standard fire insurance policy. The fire insurance policy offers protection against any unforeseen loss or damage to/destruction of property due to fire or other perils covered under the policy

Buying a fire insurance policy bring customers  peace of mind as it covers them for losses or damages resulting from a fire and other covered events/perils.

But following points should be considered while buying fire insurance for proper protection.

  • Perils covered
  • Exclusions
  • Add on covers
  • Proper Description of the property
  • Related clauses like Goods Held In Trust Clause, Reinstatement Value Clause etc.
  • Adequacy of Sum Insured to avoid under Insurance.

 

2 comments

  • You actually make it seem so easy with your presentation but I find this topic to be really something that
    I think I would never understand. It seems too complex and extremely broad for me.
    I’m looking forward for your next post, I’ll try to get the hang of it!

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