A fire insurance is a contract between a policyholder and the insurance company in which the insurer agrees to compensate the insured in case of loss or damage which happens to a particular property due to fire. It covers the cost of replacement, repair, or reconstruction of property. It can cover the followings things that are listed below :-
Loss or damage due to:
Fire explosions
Lightning
Other explosion/implosion.
Aircraft damage.
Riot, strike, malicious damage.
Storm, cyclone, typhoon, tempest, hurricane, tornado, flood and inundation.
Impact damage.
Subsidence and landslide including rock slide.
Bursting and overflowing of water tanks, apparatus and pipes.
