Online Fire Insurance Policy for Company/Corporate Office In India - Coverage, Claim & Exclusions - AU Small Finance Bank
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AU Bank Fire Insurance
Protects your valuable property

About Fire Insurance

    The power of fire is noteworthy. It is constructive and beneficial, but also has the potential to wreak havoc. A single spark can burn down buildings, plants, machinery and even stocks. A business can find it very difficult to rise from the ashes of a fire accident.
    With Chola MS Fire Insurance, you can stay assured that your business is adequately covered against damage from fire and fire-related perils


Perils covered

Chola MS Fire & Special Perils policy compensates for the loss of property due to the following perils:
  • Fire
  • Lightning
  • Explosion / implosion
  • Aircraft damage
  • Riot, strike and malicious damage
  • Storm, cyclone, typhoon, tempest, hurricane, tornado, flood and inundation
  • Impact damage
  • Subsidence and landslide (including rock slide)
  • Bursting and / or overflowing of water tanks, apparatus and pipes
  • Missile-testing operations
  • Leakage from automatic sprinkler installations
  • Bush fire
  • Earthquake (this is an optional cover available on request)
Please refer to the Policy Wordings for the complete coverages, exclusions and terms and conditions of the policy.

Additional Expenses Covered:

  • The policy automatically covers the expenses incurred following loss, damage or destruction of a covered property as a result of the operation of an insured peril.
  • Architects, surveyors and consulting engineers' fees up to 3 % of the claim amount.
  • Expenses incurred for removal of debris to clear the site up to 1 % of the claim amount.


What can be insured

  • All immovable and movable property excluding land such as buildings, plant & machinery, furniture, fixtures, fittings & other contents, stocks and stock in process.
  • Building (including plinth and foundations, if required): Whether completed or in course of construction (excluding the value of land).
  • Interiors, partitions and electricals.
  • Plant & machinery, equipments & accessories (including foundations, if required)
  • Stocks: Raw material, finished goods, In-process & In-trade belonging to wholesaler, manufacturer and retailer.
  • Furniture, fixtures and fittings
  • Cables, pipes
  • Spares, tools and stores
  • Household goods etc.


What are the occupancies that can be insured

  • Residences, offices, shops, showrooms, hotels, restaurants, schools, colleges, hospitals, clinics, auditoriums etc located outside the compound of industrial risks;
  • Factories viz industrial and manufacturing risks
  • Godowns, storages in open, storages in tanks, gas holders located outside the compound of industrial risks


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