Subject matter of fire insurance may be of any kind of movable and immovable property having pecuniary value. The property intended to be insured must be properly described. As per fire insurance, it is governed by Tariff, the following are the examples of insurable property such as :
- Building
- Electrical installation in buildings
- Contents of buildings such as machinery, plant and equipments, accessories etc.
- Good (raw materials, work in progress, semi finished goods, finished goods, packaging materials) in factories and godowns.
- Good in open
- Contents in dwellings, shops, hotels, etc.
- Furniture, fixture and Fittings
- Pipelines (including contents) located inside or outside the compound etc.
ReplyDeleteThis article provides a concise introduction to the subject matter of fire insurance. It effectively outlines the various types of properties that can be insured under fire insurance, emphasizing the importance of proper description and categorization of these properties. The examples given, from buildings and electrical installations to goods in factories and dwellings, provide a clear understanding of the diverse range of assets that can be covered by fire insurance. To discuss more about visit Keyman Insurance Policy
Fire insurance is crucial, yet often overlooked. At Omega Insurance Brokers, we recognize the importance of safeguarding businesses against unforeseen disasters. While competitors focus solely on traditional fire policies, we go beyond by offering specialized solutions like Keyman Insurance in Dubai. Our comprehensive approach ensures protection not just for assets, but also for key personnel critical to business continuity. Trust Omega to tailor insurance strategies that prioritize your unique needs and mitigate risks effectively.
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