Fire & Property Insurance
Property insurance is usually bought to satisfy a lender. Years later, the building, the stock and the machinery have all changed, and the sum insured hasn't.
What we look at in your fire & property insurance policy
Fire and property policies are among the most commonly held commercial covers and among the least frequently reviewed. Sums insured are set once, often at the value in the loan documents, and renewed unchanged. The result is under-insurance, and under-insurance triggers the 'average' clause: the insurer pays only a proportion of the loss. A Kavaach review checks whether the cover still reflects what you'd actually need to rebuild and restart.
- Sum insured vs. reinstatement valueWhether building, plant, machinery and contents are insured at what it would cost to replace them today, not at book value or an old loan figure.
- Under-insurance and the average clauseHow far the sum insured has fallen behind and what that would mean in a partial-loss claim.
- Stock cover and declaration basisWhether fluctuating stock is covered on a declaration or floater basis, and whether the limits match seasonal peaks.
- Perils covered and add-onsFire, lightning, explosion, storm, flood, earthquake, riot and terrorism: what's in, what's optional, and what's excluded.
- Business interruptionWhether loss of profit after a fire is covered at all, and for how long.
- Lender and lease requirementsWhether the policy still meets what your bank, NBFC or landlord requires, including hypothecation endorsements.
Who should reach out
Owners of factories, warehouses, offices, shops and clinics; businesses with lender-mandated property cover; anyone whose stock, machinery or premises have changed materially since the policy was first taken.
Choose how you want to handle Fire & Property Insurance
Both paths are complimentary and both end the same way: you decide.
Talk to your Kavaach Saathi
Share your company's policy on WhatsApp. A real person reviews it against what you actually need and walks you through the gaps, in plain language. No forms, no sales pitch.
- Send your policy document or a photo
- We review cover, exclusions, and fit
- You get clear insights and options
- You decide what to do next
Compare it yourself
Prefer to start on your own? Use the Kavaach self-serve portal to verify your number and compare what's available for your business. Some commercial lines need a person to compare wordings; if yours isn't listed, your Saathi picks it up from there.
- Enter your mobile number
- Verify with the OTP you receive
- Compare plans on the dashboard and buy
Kavaach is not an insurer, broker or agent. A review is a second opinion on fit and coverage, not a recommendation to buy, switch or cancel. We do not guarantee premiums, savings or approval. Whatever path you pick, the decision stays with you.
Frequently asked questions
What is the 'average' clause?
If you insure property for less than its full value, the insurer can reduce a claim in the same proportion. Insuring at 60% of value can mean receiving 60% of a partial loss. It's the single most common surprise in property claims.
Our lender arranged the policy. Do we still need to review it?
Yes, if anything has changed since. The lender's interest is in the loan amount; your interest is in rebuilding the business. The two figures are rarely the same.
We rent our premises. What do we need?
Typically contents, stock, and possibly improvements you've made, plus any cover your lease makes you responsible for. We'll read the lease clause with you.
Can we compare property insurance on the self-serve portal?
The portal is designed for straightforward comparison flows. For commercial property, a Saathi conversation usually gets you to the right answer faster; we'll tell you plainly if the portal can handle your case.