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Fire and Allied Perils

Fire and Allied Perils claims involve technically complex assessments covering losses arising from Fire, Lightning, Explosion, Impact damage, Storm, Tempest, Flood, Inundation (STFI), Earthquake (EQ) and other associated perils.

Over the years, we have handled many such claims, including high-value and technically intensive losses, with individual claim assessments extending up to ₹125 Crore. Our experience spans across a wide range of industries, including Chemicals, Plastics, Engineering Workshops, Road Infrastructure, Automobile Sector, Dairy and other allied industries, among many others. We have carried out claim assessments for a diverse spectrum of policyholders ranging from individual and private corporates to government entities, public sector undertakings and cooperative organisations, across varied business segments.

Our Fire claims practice is supported by a multidisciplinary team comprising experienced Fire Claim Specialists, Insurance Anti-Fraud Professionals, Engineers from multiple disciplines and Chartered Engineers, enabling us to effectively handle losses of varying nature, scale and complexity.

Scope of Services:

  • Verification of cause and origin of loss.
  • Suggestions to Insurer on appointment of forensic or other experts.
  • Assessment of damage to Buildings, Plant & Machinery, Stocks and Contents.
  • Review of Policy Coverage, Warranties, Exclusions and Limits.
  • Application of depreciation (if applicable), underinsurance and excess clauses.
  • Scientific loss quantification using accepted valuation norms.
  • Salvage identification, Valuation and Recovery assessment.
  • Coordination with Insured, Insurer and other related parties.
  • Wherever necessary, we suggest Loss Minimization steps to Insured.