Standalone Building Fire Policy

The risk of fire is a major concern for any building. A fire incident not only causes loss of life but also causes a huge financial setback. In such a situation, a standalone building fire policy becomes a smart solution. This policy is specially designed to protect buildings from damage caused by fire, explosion, lightning and other allied perils.

Under a standalone fire policy, only the building is insured and not the goods or other property kept inside. This policy is ideal for those who want to protect the structure of their building, be it a home, office or warehouse.

If the building is damaged due to fire or other risks involved, the insurance company pays the cost of its repair or reconstruction. For this, the sum insured is determined based on the reconstruction value of the building.

A standalone building fire policy secures your investment and gives you relief from future uncertainties. Taking the right insurance on time is always a wise decision.