Standard Fire Insurance
Standard Fire and Special Perils Insurance (SFSP) in India
In a rapidly growing economy like India, properties are exposed to various risks—fire outbreaks, natural disasters, riots, and accidents. A Standard Fire and Special Perils Insurance (SFSP) policy ensures your property remains financially protected against unforeseen damages, giving you complete peace of mind.
At Newgen Insurance Broking Pvt. Ltd., we offer comprehensive SFSP coverage for homes, commercial spaces, industrial units, and warehouses—so you’re always prepared for the unexpected.
What is Standard Fire and Special Perils Insurance?
An SFSP policy provides financial protection against fire and specified perils, ensuring that your home, office, or factory remains secure. This policy is essential for property owners, landlords, businesses, and industrial establishments looking to minimize financial risks from disasters.
Who Should Get an SFSP Policy ?
- Homeowners – Protect your house or apartment from fire and natural calamities.
- Business Owners – Safeguard offices, retail stores, and commercial buildings.
- Industrial Units – Cover factories, warehouses, and storage facilities.
- Landlords & Property Investors – Secure rental properties and real estate assets.
What Does SFSP Cover ?
A Standard Fire and Special Perils Insurance Policy provides comprehensive protection against the following risks:
Fire & Explosion Coverage
Accidental fire damage due to electrical short circuits or gas leaks
Losses due to explosions and implosions within the premises
Natural Disasters & Weather Events
Protection against storms, cyclones, hurricanes, and typhoons
Coverage for floods, inundation, and landslides
Impact Damage & External Risks
Damages caused by falling trees, collapsing structures, and vehicle crashes
Aircraft damage – Protection against aircraft crashes or falling debris
Man-Made Disruptions
Riots, strikes, and malicious damages – Coverage for losses due to protests and vandalism
Burglary & theft – Protects against property damage from forced break-ins
Water & Leakage Damage
Bursting of water tanks and pipes – Covers damages caused by accidental leaks
Automatic sprinkler leakage – Protection against fire suppression system malfunctions
Bush Fire & Wildfires
Covers losses from uncontrolled fires in nearby vegetation Did You Know? Many businesses bundle SFSP with an Industrial All Risk Insurance Policy for complete protection.
What’s NOT Covered? (Exclusions of SFSP Policy)
While SFSP provides extensive coverage, certain situations are not covered, such as:
- Intentional Damage – Any losses due to deliberate destruction or fraud.
- War & Nuclear Risks – Damages caused by war, terrorism, or radioactive contamination.
- Normal Wear & Tear – Gradual depreciation, rust, and aging of materials.
- Unoccupied Properties – Properties left vacant for extended periods may not be covered.
Why Choose Newgen Insurance Broking Pvt. Ltd. for SFSP Insurance ?
At Newgen Insurance Broking Pvt. Ltd., we go beyond just offering a policy—we provide expert guidance, tailored coverage, and seamless claims support.
Customized Policies
We offer SFSP policies tailored to your property’s specific risks, ensuring complete coverage without unnecessary costs.
Affordable Premiums
Get the best rates with flexible payment options that fit your budget.
Quick & Hassle-Free Claims
We ensure a fast claims process, minimizing delays and paperwork.
Trusted by Businesses Across India
From small businesses to large industries, we have secured thousands of properties across India.
How to Get Your SFSP Policy with Newgen Insurance Broking Pvt. Ltd.?
Getting fire and peril insurance has never been easier! Follow these simple steps :
Step 1: Contact Us
Reach out via email or call our expert advisors for assistance.
Step 2: Property Assessment
We analyze your property type, value, and risk factors to recommend the best coverage.
Step 3: Receive a Custom Quote
Get a personalized quote based on your requirements and budget.
Step 4: Policy Issuance
Once finalized, your policy is issued instantly with immediate coverage.
Visit Our Offices in India
Indore Office: 412, Apollo Premier, Vijay Nagar Square, Indore (M.P.) 452010
Pune Office: MVPM Spark, 128/4, near Balewadi High Street, Balewadi Phata, Baner, Pune, Maharashtra 411045
Email Us: info@insuranzee.com
Call Us: +91-7745940945 | +91-9584466099 | +91-8085057857
Frequently Asked Questions
1. Is SFSP mandatory for businesses ?
Yes, many commercial leases and business loans require fire and peril insurance as a condition for approval.
2. How is my premium calculated ?
Premiums depend on property value, location, risk exposure, and coverage extent.
3. Can I customize my policy ?
Absolutely! We offer tailored SFSP plans to fit your specific needs.
4. Does this cover loss of profit due to fire ?
No, but you can add a business interruption cover to protect against lost income due to fire-related damages.
5. How do I file a claim ?
Report the incident immediately, submit supporting documents, and we ensure a fast claims settlement.
