Protect your Business a Organization with Fire Insurance
What is Fire Insurance?
Fire Insurance is a contract between an insurance company and a property owner, under which the insurer guarantees the insured party’s financial security against losses caused by fire to their property. Coverages under this policy typically include physical loss, damage to buildings/structures and damage to property/machinery. If you have this insurance, you can make a claim for replacement, repair, or reconstruction costs based on the amount of damage your property has sustained due the accidental fire.
Why Do You Need Fire Insurance?
Here are some reasons why you should consider buying Fire Insurance.
- Financial Protection: If you have Fire Insurance you will receive financial protection in case of fire-caused damage or destruction to your property.
- Rebuilding Costs: Monetary support for rebuilding/repairing your property after a fire tragedy.
- Personal Belongings Coverage: If your personal belongings get burnt by fire inside the insured premises, you can claim compensation for the same.
- Peace of Mind: Having Fire Insurance gives you peace of mind knowing that you are financially protected in case of a fire-related disaster.
How to Choose the Right Fire Insurance Policy
Choosing the right Fire Insurance Policy is crucial to ensure adequate coverage in case of a fire-related incident. Here are some tips on how to choose the right Fire Insurance Policy.
Evaluate Your Needs
Consider the value of your property, including its special features to determine the coverage required.
Check Reputation
Ensure that you buy the Fire Policy from a credible company that has a good track record, like SGI Philippines.
Adequate Coverage
Before buying Fire Insurance, make sure that the policy provides sufficient coverage for your property and the items in it.
Additional Coverage
Check if the insurance company offers additional coverage options that encompass even special features of your property.
Pocket-Friendly Policies
If you insure your property with us, you can enjoy cost-effective rates.
Extensive Protection
Receive ample coverage for your property and its contents against fire-related mishaps.
Claim Support
Receive dedicated support while raising a claim for damages to your property.
Benefits of SGI Philippines Fire Insurance
- Comprehensive Coverage
- Affordable Cost
- Excellent Customer and Claims Service
Eligibility Criteria to Buy Fire Insurance Policy
The proposed insured, must have insurable interest in the property.
Fire Insurance Coverages
The standard coverage of a Fire Insurance policy is against Fire and Lightning but Add-ons can be procured like, coverage against, floods, earthquake and typhoons.
How to Calculate Fire Insurance Premium
Fire Insurance premiums are mainly dictated by the Property Value and reconstruction cost. Typically a certain rate is applicable based on the construction material used in the property and multiplied per thousand of coverage, depending on the Total Value of the property and the value of the household contents, combined.
Factors Affecting Fire Insurance Premium
- Property value
- Location of the property
- Construction and type of building materials
- Security measures and access or accessibility of Fire Rescue forces
- Claims history
How to File a Fire Insurance Claim
Filing a claim with Sgi Philippines is very easy. In these instances, contact SGI Philippines Claims Department and we will guide you, step by step on how file and process your fire insurance claim.
The following perils are covered under our Fire Insurance Policy.
01.
Typhoon
02.
Flood
03.
Earthquake
04.
Riot Strikes
05.
Explosions
06.
Aircraft/vehicles impact
07.
Bursting or overflow of water tanks apparatus or pipes
08.
Loss of profits or business interruption
To keep the Fire Insurance affordable, certain exclusions are made part of this policy, like Arson or willful or intentional damage caused by the owner, and war, war like operations, invasions and the likes of it.
How To Buy/Renew Fire Insurance
In purchasing Fire Insurance Coverage, contact a reliable insurer like Sgi Philippines for an estimation of the value of your property and the applicable premium cost. It is usual and customary that for a New Insurance coverage, an ocular inspection of the property and premised might be required. For the succeeding renewals I the Fire Policy, the inspection may be waived.
How to Download Your Fire Insurance Policy Copy
Upon purchase of a Fire Policy Insurance with SGI Philippines, after receipt of your payment, a PDF File of the policy will be sent to your designated email address, and you can already download or print your policy, according to your preference.
Documents Required for Fire Insurance Claim
- Proof of Loss Advice
- Police Report
- Fire Department Report
- Proof of ownership
- Insurance Policy
- Other documents may be requested as needed
How to Choose the Right Fire Insurance Policy
Choosing the right Fire Insurance Policy is crucial to ensure adequate coverage in case of a fire-related incident. Here are some tips on how to choose the right Fire Insurance Policy.
Evaluate Your Needs
Consider the value of your property, including its special features to determine the coverage required.
Check Reputation
Ensure that you buy the Fire Policy from a credible company that has a good track record, like SGI Philippines.
Adequate Coverage
Before buying Fire Insurance, make sure that the policy provides sufficient coverage for your property and the items in it.
Additional Coverage
Check if the insurance company offers additional coverage options that encompass even special features of your property.
How To Buy/Renew Fire Insurance
In purchasing Fire Insurance Coverage, contact a reliable insurer like Sgi Philippines for an estimation of the value of your property and the applicable premium cost. It is usual and customary that for a New Insurance coverage, an ocular inspection of the property and premised might be required. For the succeeding renewals I the Fire Policy, the inspection may be waived.
Documents Required for Fire Insurance Claim
- Proof of Loss Advice
- Police Report
- Fire Department Report
- Proof of ownership
- Insurance Policy
- Other documents may be requested as needed
Benefits of SGI PHILIPPINES Fire Insurance
- Comprehensive Coverage
- Affordable Cost
- Excellent Customer and Claims Service
Eligibility Criteria to Buy Fire Insurance Policy
The proposed insured, must have insurable interest in the property.
Fire Insurance Coverages
The standard coverage of a Fire Insurance policy is against Fire and Lightning but Add-ons can be procured like, coverage against, floods, earthquake and typhoons.
How to Calculate Fire Insurance Premium
Fire Insurance premiums are mainly dictated by the Property Value and reconstruction cost. Typically a certain rate is applicable based on the construction material used in the property and multiplied per thousand of coverage, depending on the Total Value of the property and the value of the household contents, combined.
Factors Affecting Fire Insurance Premium
- Property value
- Location of the property
- Construction and type of building materials
- Security measures and access or accessibility of Fire Rescue forces
- Claims history
How to File a Fire Insurance Claim
Filing a claim with Sgi Philippines is very easy. In these instances, contact SGI Philippines Claims Department and we will guide you, step by step on how file and process your fire insurance claim.
Frequently Asked Questions
The most common basic Cover of a Fire Policy is damage to property , whether partial or total loss caused by Fire and Lightning.
Actually, Fires Insurance is both for residential and business establishments alike. The value and complexity of these risks may be different, but they both need protection for the house holder and the owner-businessman.