Fires can damage a lot of things in a property including furniture, fixtures and fittings.
Our Fire Insurance Policy is designed to cover your buildings and everything within it, and even protects your property against natural disasters.
Industrial Special Risks
Commercial Package
Fire and Perils
General Property
Fire
Industrial Special Risks
Industrial Special Risk (ISR) Insurance is a wide coverage business insurance policy that provides cover for a range of loss scenarios or damage done to high-value physical assets including property, buildings, materials and machinery.
ISR is one of the most popular types of policies offered by Inspac for medium and larger businesses due to its flexibility and the ability to tailor the coverage more specifically to the needs of the client.
ISR policies provide perils protection, ranging from fire, explosion, machinery breakdown, burglary and accidental damage, and extend to cover natural disasters.
Fire
Commercial Package
This product is designed for small-to-medium sized businesses and comprises several separate products namely Fire & Perils, General Property, Liability and Burglary required by commercial enterprises. You are free to select the products that are relevant to your enterprise insurance needs and to omit products that you do not need. With an in-depth knowledge of the market, Inspac is well prepared to assist you in identifying the exact requirements of coverage and tailor the policy to bring out the best fit for your business.
Fire
Fire and Perils
This product is designed to cover you for loss or damage to your property caused by fire and named perils. It is a specialized form of insurance beyond Home & Contents insurance and is designed to also cover the cost of replacement, reconstruction or repair beyond what is covered by the property insurance policy. Homeowners and property owners may consider this product in addition to Home & Contents insurance if the property contains valuable items and there are commercial activities taking place at the property.
Fire
General Property
If you’re a contractor or run your own small -to medium-sized business and you carry work tools or portable equipment such as laptops, mobile phones, surveying equipment etc. between your place of residence and client sites for business, you will need General Property Insurance. We offer two types of covers:
- Accidental Damage
This product type is designed to cover you for loss or damage to your business goods and contents as well as portable equipment that you carry away from your business premises. - Restricted Cover (Collision or Overturning and Flood only)
This type of cover will only be restricted to collision or overturning of the vehicle carrying your business goods and contents including portable equipment. Coverage against Flood can also be offered as an extension.
Frequently Asked Questions
Everything you need to know about fire insurance.
What does fire insurance cover?
Fire insurance typically covers damage or loss caused by fire to the insured property, including the structure and contents of the property.
What is the difference between Fire insurance and House Owners insurance?
Fire insurance is a subset of House Owners insurance, which also covers other risks such as theft, liability, and natural disasters.
Is fire insurance mandatory?
Fire insurance is not mandatory by law, but it may be required by mortgage lenders to protect their investment.
How can I reduce the cost of my fire insurance?
There are several ways to reduce the cost of your fire insurance, such as implementing fire safety measures, maintaining good records with the insurance company and declaring the insured items accurately to avoid any unforeseen losses.
Still have questions?
Can’t find the answers you are looking for? Get in touch with our team to learn more.