{"id":364,"date":"2018-02-03T10:34:35","date_gmt":"2018-02-03T10:34:35","guid":{"rendered":"https:\/\/myfintree.com\/blog\/?p=364"},"modified":"2018-11-20T09:44:50","modified_gmt":"2018-11-20T09:44:50","slug":"why-do-we-need-fire-insurance","status":"publish","type":"post","link":"https:\/\/myfintree.com\/blog\/why-do-we-need-fire-insurance\/","title":{"rendered":"Why Do We Need Fire Insurance?"},"content":{"rendered":"<h1 style=\"color: #5bb459; text-align: center;\">Why Do We Need Fire Insurance?<\/h1>\n<p>&nbsp;<\/p>\n<p><strong>Massive Fire<\/strong> in Mumbai\u2019s <strong>Kamala Mills Compound\u00a0<\/strong>Tragedy struck on the 29<sup>th<\/sup> of December with a fire breaking out in a pub in a building in the Kamala Mills compound.<a href=\"http:\/\/www.myfintree.com\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-366 \" src=\"https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/02\/mumbai-fire-300x167.jpg\" alt=\"\" width=\"354\" height=\"197\" srcset=\"https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/02\/mumbai-fire-300x167.jpg 300w, https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/02\/mumbai-fire-360x201.jpg 360w, https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/02\/mumbai-fire.jpg 759w\" sizes=\"auto, (max-width: 354px) 100vw, 354px\" \/><\/a><span style=\"line-height: 1.5;\">\u00a0<\/span>What should various <strong>Restaurants,Offices, Manufacturing Units, Godowns, Service Oriented Enterprises<\/strong><\/p>\n<p>Should learn from this incident\u00a0Machinery&amp;various other assets and are constantly exposed\u00a0to risks, which can disrupt their daily working. It is important\u00a0for all to have a<span style=\"color: #000000;\"> <strong>Fire Insurance<\/strong> <\/span>to financially protect\u00a0themselves against losses or damages<\/p>\n<p>A <a href=\"http:\/\/www.myfintree.com\/general-insurance.html\"><span style=\"color: #339966;\"><strong>Fire Insurance Policy<\/strong><\/span> <\/a>covers the financial loss which insured\u00a0may suffer due to destruction of or damage to property or\u00a0goods, caused by fire, during a specified period and up to agreed amount.<\/p>\n<h4><span style=\"text-decoration: underline;\"><span style=\"color: #800000;\"><strong>Importance of Fire Insurance Policy:<\/strong><\/span><\/span><\/h4>\n<ul>\n<li>Cover Against Natural disaster<\/li>\n<li>Protection to your valuable assets like building,<span style=\"line-height: 1.5;\">\u00a0machinery etc<\/span><\/li>\n<li>Reduces the Financial Burden<\/li>\n<li><span style=\"line-height: 1.5;\">Financial support at the time of Restart of Business<\/span><\/li>\n<\/ul>\n<h4><span style=\"text-decoration: underline; color: #800000;\"><strong style=\"line-height: 1.5;\">Risks covered under Fire Insurance Policy are:<\/strong><\/span><\/h4>\n<ul>\n<li>FireBush Fire<\/li>\n<li>Lightning<\/li>\n<li>Subsidence and landslide including Rock slide<\/li>\n<li>Explosion\/Implosion<\/li>\n<li>Riot, Strike, Malicious Damage<\/li>\n<li>Storm, Typhoon, Hurricane, Tornado, Flood and Inundation \u00a0and many more..<\/li>\n<\/ul>\n<h4><span style=\"text-decoration: underline;\"><span style=\"color: #800000;\"><strong>Procedure for settlement of Claim:<\/strong><\/span><\/span><\/h4>\n<p><a href=\"http:\/\/www.myfintree.com\/general-insurance.html\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-369 aligncenter\" src=\"https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/02\/Doc-1-1-300x26.jpg\" alt=\"\" width=\"726\" height=\"63\" srcset=\"https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/02\/Doc-1-1-300x26.jpg 300w, https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/02\/Doc-1-1-768x67.jpg 768w, https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/02\/Doc-1-1-1024x89.jpg 1024w, https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/02\/Doc-1-1-360x31.jpg 360w, https:\/\/myfintree.com\/blog\/wp-content\/uploads\/2018\/02\/Doc-1-1.jpg 1160w\" sizes=\"auto, (max-width: 726px) 100vw, 726px\" \/><\/a><\/p>\n<h4><span style=\"text-decoration: underline; color: #800000;\"><strong>Few instances of the losses which are not covered by fire insurance policy:<\/strong><\/span><\/h4>\n<ol>\n<li>Negligence<\/li>\n<li>Loss or damage of property due to nuclear perils war, invasion, act of foreign enemy<\/li>\n<li>Electrical\/mechanical breakdown due over running or excessive usage<\/li>\n<li>Pollution or contamination<\/li>\n<li>Loss by theft during or after the happening of fire<\/li>\n<\/ol>\n<p>Consult a Professional to know more about what can be covered under the policy before buying the Policy.<\/p>\n<p>Go for optimum coverage and not just get attracted by cheaper Premium Amount.<\/p>\n<div id=\"s-share-buttons\" class=\"horizontal-w-c-square s-share-w-c\"><a href=\"http:\/\/www.facebook.com\/sharer.php?u=https:\/\/myfintree.com\/blog\/why-do-we-need-fire-insurance\/\" target=\"_blank\" title=\"Share to Facebook\" class=\"s3-facebook hint--top\"><\/a><a href=\"http:\/\/twitter.com\/intent\/tweet?text=Why Do We Need Fire Insurance?&url=https:\/\/myfintree.com\/blog\/why-do-we-need-fire-insurance\/\" target=\"_blank\"  title=\"Share to Twitter\" class=\"s3-twitter hint--top\"><\/a><a href=\"https:\/\/plus.google.com\/share?url=https:\/\/myfintree.com\/blog\/why-do-we-need-fire-insurance\/\" target=\"_blank\"  title=\"Share to Google Plus\" class=\"s3-google-plus hint--top\"><\/a><a href=\"http:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/myfintree.com\/blog\/why-do-we-need-fire-insurance\/\" target=\"_blank\" title=\"Share to LinkedIn\" class=\"s3-linkedin hint--top\"><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Why Do We Need Fire Insurance? &nbsp; Massive Fire in Mumbai\u2019s Kamala Mills Compound\u00a0Tragedy struck on the 29th of December with a fire breaking out in a pub in a building in the Kamala Mills compound.\u00a0What should various Restaurants,Offices, Manufacturing <a href=\"https:\/\/myfintree.com\/blog\/why-do-we-need-fire-insurance\/\" class=\"read-more\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-364","post","type-post","status-publish","format-standard","hentry","category-general-insurance"],"_links":{"self":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts\/364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/comments?post=364"}],"version-history":[{"count":6,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts\/364\/revisions"}],"predecessor-version":[{"id":374,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts\/364\/revisions\/374"}],"wp:attachment":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/media?parent=364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/categories?post=364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/tags?post=364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}