What is Fire Insurance?

Fire insurance ( Fire Insurance ) , referred to as fire insurance, refers to a type of property insurance that takes the property materials stored in a fixed place and is in a relatively static state as the subject of insurance, and the insurer bears the economic compensation liability for the loss of the insured property from the accident.

Fire insurance

Fire insurance coverage usually includes:

1. Fire and related hazards;

2. Various natural disasters;

3. related accidents;

4. Rescue costs.

When insurers operate fire insurance, they also have the following risks:

1. War, military operations or acts of violence, political terrorist activities;

2. Nuclear pollution;

3. Intentional behavior of the insured;

4. Various indirect losses;

5. Loss due to the defects of the insurance subject, improper storage, and deterioration, mildew, moisture, and natural wear.

Fire insurance

Fire insurance

In the event of a fire insurance compensation case, the insurer may carry out compensation work in accordance with the general claims procedures and compensation principles of property insurance. Also note the following:

1. Compensation for fixed assets by item, each fixed asset is only applicable to its own compensation limit;

2. Pay attention to deducting residual value and deductible;

3. For group fire insurance, the compensation method is generally used to handle compensation cases, and for family property insurance, the first danger compensation method is usually used to handle compensation cases. But it is also used interactively in some businesses.

Fire insurance property insurance basic insurance

The basic insurance of property insurance is property insurance that takes the property and materials of enterprises, institutions, organizations, etc. as the subject of insurance, and the insurer assumes the basic risk liability of the insured's property. It is one of the main types of group fire insurance.

According to the basic insurance clauses of China's property insurance, the insurance responsibilities of this type of insurance include: 1. fire; 2. lightning strike; 3. explosion; 4. the fall of flying objects and airborne objects; 5. the insured owns the property ownership for his own use The insurer is also responsible for the power supply, water supply, and gas supply equipment that is damaged due to the insurance accident, causing power outages, water and gas outages, and direct losses of the insured subject; 6. Necessary and reasonable rescue costs.

Fire Insurance Property Insurance Comprehensive Insurance

Property insurance comprehensive insurance is also one of the main types of insurance for group fire insurance business. It is the same as the basic insurance of property insurance in terms of scope of application, insurance objects, determination of insurance amount, and insurance compensation treatment, except that the insurance liability is higher than that of property insurance. Basic risks are expanding.

According to the property insurance comprehensive insurance clauses, the insurer's responsibilities when underwriting this type of business include: 1. fire, explosion, lightning strike; 2. heavy rain; 3. flood; 4. typhoon; 5. storm; Snow disaster; 8. Hail disaster; 9. Ice freeze; 10. Debris flow; 1l. Cliff collapse; 12. Sudden landslide; 13. Sudden ground collapse; 14. Flying objects and other airborne objects falling.

Fire Insurance Home Property Insurance

Home property insurance is fire insurance for urban or rural residents' families or individuals.

The characteristics of home property insurance are that the insured is based on households or individuals, the business is scattered, the amount is small and the amount is large, and the risk structure is mainly fire, theft and other risks.

Ordinary family property insurance

2. Family property insurance

3. House and indoor property insurance

4. Comprehensive housing insurance

5. Investment protection family property insurance

6. Special family property insurance