While the safest way to save oneself from fire accidents is to avoid them completely through necessary precautions, life hardly goes as planned. Hence along with the precautions it is safer to invest in a Fire Insurance plan.

Fire Insurance covers all the damages occurred during accidental fires, lightning, implosion, explosion, and as well as man-made hazards such as bursting of water tanks and pipelines or overflowing, leakages from water sprinkles, and so on.

It provides payment for the loss of property as a result of a fire or for additional living expenses necessitated by dilapidated conditions, as well as damage to personal property and nearby structures. Policy owners should document the property and its contents make it easier to assess the items damaged or lost in the event of a fire.

A fire insurance policy includes additional coverage against smoke or water damage due to a fire and is usually effective for a year. They can be renewed at the verge of expiration by the policy owner.