Types of Fire Insurance
For easier understanding of various type of fire insurance, we broadly classified them into residential and commercial fire insurance. Fire Insurance specifically designed for residential (Landed Property) is commonly known as Houseowner policy, which protect your physically property, and Householder policy, which covers the content of your property.
Houseowner policy can only be purchased for landed property and not high-rise building. This is because high-rise building with strata title, like Service Apartment, Condominium, Apartment, commercial building are cover under master fire policy, commonly known as Strata Title Property Fire Insurance.
For business/ commercial Fire Insurance, you can purchase the basic Fire Insurance and add-on (extended to cover) specific perils with additional premiums. If you are concern that a fire incident will impact your business operation and leading to loss of profit, you can consider Fire Consequential Loss Insurance, that insured your loss of profit due to a Fire.
Select the specific types of Insurance to understand more about their coverage.
- Houseowner Insurance
- Householder Insurance
- Strata Title Property Fire Insurance
- Fire Insurance
- Fire Consequential Loss Insurance