Property: As temperatures rise across the country, the heat is starting to affect not just people but also buildings—homes, offices, and factories.
While most people focus on protecting their health in extreme heat, very few realize that heat can also damage property.
How Does Heat Harm Buildings?
Policybazaar expert Amitabh Devvan explains that materials like cement, asphalt, and iron expand and contract with constant exposure to heat.
Over time, this can lead to cracks in walls, weakened roofs, and an overall reduction in building strength.
Greater Risk for Business Owners
If you own a shop or factory, the danger is even higher. Sudden fire or natural disasters can cause heavy losses, and in such cases, only insurance can provide financial support.
Fire Risk Goes Up in Summer
Extreme heat can cause machines or electrical wiring to overheat and catch fire. Fire insurance becomes very important here.
It not only covers damage to buildings, machines, goods, and furniture, but can also protect against business interruption.
What Does Fire Insurance Cover?
Fire insurance usually covers incidents like fire, lightning, explosions, landslides, and storms. You can also buy extra cover for risks such as earthquakes or forest fires.
Which Insurance Policy Is Right for You?
There are three main types of property insurance policies available in India:
Industrial All Risk Policy – Meant for large industries
Standard Fire & Special Perils Policy – Covers specifically listed risks
India Small/Micro Enterprise Security – Designed for small businesses
When Will a Claim Not Be Paid?
Insurance claims are not accepted in certain situations such as intentional damage, war, pollution, electrical leakage, if the property remains closed for over 30 days, or in the case of a short circuit without actual fire.
How Is the Premium Calculated?
Your insurance cost depends on how you use the property, any past damages, and the type of extra risks you want to cover.
India is also divided into four earthquake zones, which can affect the premium in high-risk areas.
With rising heat and climate-related threats, property insurance has become more of a necessity than an option.
