The different types of fire policies available in India are:
A fire insurance policy covers for losses that are caused by fire.
It is a contract made between the insurer
and the provider of the insurance service. A policy is available at a premium,
and it covers for the loss caused to the victim due to a fire.
Fire Insurance Policy Types
- Specific Policy with Average Clause
- Comprehensive Policy
- Valued Policy
- Floating Policy
- Reinstatement Value Policy