Fire insurance is a form of property insurance that covers damage and losses caused by fire. Most policies come with some form of fire protection, but homeowners may be able to purchase additional coverage in case their property is lost or damaged because of fire.
Purchasing additional fire coverage helps to cover the cost of replacement, repair, or reconstruction of property above the limit set by the property insurance policy. Fire insurance policies typically contain general exclusions such as war, nuclear risks, and similar perils. Damage caused by a fire set deliberately is also typically not covered.
Burglary insurance is one of the most important coverages included in a Property Insurance, that helps protect your home or business property from losses and damages that can be caused due to a potential burglary.
Whether you have an independent house, live in a gated community apartment or own an independent shop or office space; a burglary insurance is extremely vital in protecting, and covering your property from losses that an unforeseen burglary can bring.
Why you must buy Burglary Insurance? Robbery cases in the national capital has seen an increase of 112 percent in 2022 compared to last year.
In India, 2,81,602 cases of property crimes at residential premises were registered in 2021.
Offenses against property in India have increased by 18.5 percent in 2021. Of the total number, 12.8 percent accounted for burglary cases.
