Under this type of insurance comes any loss or damage to the property insured caused by fire. Purchasing fire insurance acts as an addition to homeowner’s or property insurance and this insurance will help you to cover the cost of property replacement, cost of any repairs that have been done, reconstruction cost of the property, etc. Such insurance policies typically contain general exclusions, such as war, nuclear risks, similar perils etc.

When you come across misfortunes where you have to pay for the loss of use or payment for additional living expenses that have occurred as a cause of inhabitable conditions or due to damage of private property, having a fire insurance is the best solution as it helps you in such payments.