A fire insurance policy protects in respect of accidental loss or damage to properties due to fire or lightning and explosion of domestic gas appliances. Fire accidents are unexpected and can cause enormous destruction for one’s finances hence it is highly recommended that a fire insurance policy be used to protect the properties of individuals and corporate bodies. The basic fire cover can also be extended, for a minimal additional premium, to include the following additional (Special) perils: Earthquake, Flood, Malicious damage, Riot, Strike & Civil commotion, Explosion, etc.