The different types of property that could be covered under a fire insurance policy are dwellings, offices, shops, hospitals, places of worship etc and their contents industrial/manufacturing risks and contents such as machinery, plants, equipment and accessories goods including raw material, material in process, semi-finished goods, finished goods, packing materials etc in factories, godowns and in the open utilities located outside industrial/manufacturing risks storage risks outside the compound of industrial risks tank farms/gas holders located outside the compound of industrial risks etc. The fire insurance policy offers protection against any unforeseen loss or damage to/destruction of property due to fire or other perils covered under the policy. The most popular property insurance is the standard fire insurance policy. Package or Umbrella covers could have common terms and conditions for all sections as also specific terms for specific sections of the policy. Make sure you understand the complete details of cover and exclusions contained in the policy you are considering. Such policies, apart from seeking to cover property may also include certain personal lines or liability covers. For instance there are covers such as Householders Policy, Shopkeepers Policy, Office Package policy etc that, under one policy, seek to cover various physical assets including buildings, contents etc. There are package or umbrella covers available which give, under a single document, a combination of covers.
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