What is the difference between fire insurance and burglary insurance for a shop? Fire insurance covers loss or damage from fire, lightning, explosion, flooding and allied perils. Burglary insurance covers theft that involves forced entry. Most commercial property policies combine both as a package — but each has its own conditions and proof requirements. We help you understand which sections apply to your specific risk.
How is the sum insured calculated for stock in a warehouse or godown? Sum insured for stock is typically based on the maximum value of stock at any point during the policy year — not average. If your godown stores up to ₹50L worth of goods at peak season, that's the correct sum insured. Insuring for ₹25L exposes you to the average clause: even a ₹5L partial loss gets proportionately reduced. We help you pick a realistic figure before you buy.
What is the average clause and how does it affect my claim? The average clause means: if you are underinsured (sum insured < actual value), the insurer pays only in proportion. Example: property worth ₹1L insured for ₹50K → 50% underinsured → surveyor awards only 50% of every claim, including partial losses. This is the single biggest reason fire claims in industrial estates pay much less than expected.
What documents do I need to file a fire insurance claim for my shop? Most surveyors ask for: copy of policy schedule, stock register or purchase invoices (as applicable), fire brigade report or FIR (as applicable), premises photos pre- and post-loss, list of damaged assets with estimated values. Missing even one document typically delays settlement by weeks. We help you prepare the proof file before a loss happens.
Are goods stored in small roadside shops near Sholavaram or Red Hills covered? Yes, commercial property insurance can cover shops of any size. The insurer will evaluate the construction type (pucca/semi-pucca), fire load (flammable goods, LPG cylinders, electrical wiring age), and claimed sum insured. Thatched-roof or kutcha structures may face higher premiums or exclusions. We help you evaluate options and disclose accurately to avoid claim rejection.
How long does a fire or burglary claim typically take to settle? With a clean, complete proof file: 2–4 weeks for straightforward claims. With missing documents or valuation disputes: 3–6 months or longer, sometimes going to an arbitrator. The difference is almost always the quality of proof prepared before the loss. We guide you on what to keep on file so you're ready when it matters.
