Fire Insurance is a kind of insurance which covers damages and losses caused by fire. It helps to cover the risk of loss of property caused by fire accidentally or unintentionally. A fire insurance policycovers the loss that the insurer may suffer due to destruction of or damage to property or goods, caused by fire during a specific period and up to an agreed amount.
Any person/institution/firm/organization etc., who may expose to financial loss or damage in case of fire, can opt for fire insurance policy.