An Insurance taken out to cover the cost of damage caused by fire.
A fire policy covers property damage such as furnishings, office building, machinery, stock, etc. due to a fire accident. Besides, fire perils, a burglary insurance policy also provides coverage for the damages caused due to any natural calamity, explosion, bursting of the water tank, etc
In India the regulator has further divided the product according to size of the risk and for the ease of the insured, the buyer of the Insurance product.