Tag: fire insurance

Fire Insurance vs Homeowners Insurance

Fire Insurance vs Homeowners Insurance: Key Differences

Fire insurance protects your property against 12 specified perils, including fire. These perils include acts of god, man-made perils, fire, etc., except for earthquakes, which can be covered on payment of an additional premium. Fire insurance policies can cover both commercial and residential properties. Homeowner’s insurance can be termed an application of fire insurance, which […]

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Policy.Claim Settlement

Underwriting the Policy at the Time of Claim Settlement

National Consumer Disputes Redressal Commission (NCDRC) has held that once verification of property and policy issuance is done by the insurance company, it cannot raise objections of non-disclosure or misrepresentation of material facts by the Insured. Underwriting at the time of claim settlement is not an option for the Insurer.  Let’s Look at the Case […]

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Fire Insurance Tips for Homeowners

Fire Insurance Tips for Homeowners: Safeguarding Your Property

Fire insurance is the basic and oldest form of property insurance available in the World. It would be almost impossible to imagine a property insurance policy without a fire insurance plan. Given the importance of fire insurance policy, it is advisable to understand how to get the most out of your fire insurance policy. Select […]

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