Standard Fire Policy

A Standard Fire Policy is a basic insurance contract that protects property owners against damage or loss caused by fire. It typically covers buildings and sometimes personal property, ensuring you’re financially safeguarded in case of a fire incident. This policy outlines specific perils, such as fire and lightning, and may exclude other risks. It provides a clear framework for claims and compensation, helping ensure that property owners can recover and rebuild after a fire loss. Understanding its terms and coverage is crucial for effective risk management in property ownership.