What are the types of fire insurance?

Contents

Fire Insurance Types Valued Policy. This is a fire insurance policy in which an agreement is framed and the insurer undertakes to pay in the event of destruction of property by fire. Specific Policy. …Average Policy. …Floating policy. …Excess Policy. …Blanket Policy. …Comprehensive Policy. …Consequential Loss Policy. More items…

Why marine insurance is important?

Besides, marine insurance is vital as it delivers protection against any loss/damage incurred to the ship and to the cargo, which the ship is transporting. Whether you own a yacht or ship for any commercial or any transportation purpose, marine cargo insurance policy will protect you from every marine-related risks.

Which assets are covered under fire insurance?

Thought it is called ‘Fire Insurance’, apart from the risk of fire, it also offers cover against lightning, explosion/implosion, aircraft damage, riot, strike and malicious damage, storm , cyclone, typhoon, hurricane, flood and inundation, impact damage, subsidence and landslide including rockslide, bursting and/or …