To Become POSP

📌 Importance of Property Insurance

  • Financial Security: Protects against unexpected repair or rebuilding costs.
  • Risk Management: Reduces vulnerability to natural and man-made disasters.
  • Business Continuity: Ensures operations can resume quickly after damage.
  • Peace of Mind: Provides confidence to homeowners and business owners.
  • Legal & Loan Requirement: Often mandatory for mortgages and business loans.

🔒 Risk Coverages

Property insurance typically covers:
  • Fire & Explosion.
  • Natural Disasters: Floods, earthquakes, cyclones, storms.
  • Theft & Burglary.
  • Man-Made Risks: Riots, strikes, vandalism, terrorism (if opted).
  • Accidental Damage: Structural damage due to unforeseen events.

➕ Add-On Covers

  • Loss of Rent Cover – Compensation if property becomes uninhabitable.
  • Terrorism Cover – Protection against terrorist acts.
  • Equipment Breakdown – Covers machinery or electrical equipment failures.
  • Alternate Accommodation Cover – Expenses for temporary housing.
  • Debris Removal Cover – Cost of clearing damaged property.
  • ✅ Inclusions
  • Damage due to fire, theft, natural calamities, or accidents.
  • Coverage for building structure and contents (furniture, appliances, inventory).
  • Loss of rent or business interruption (if add-on chosen).
  • Third-party liability for accidents occurring on the property.
  • ❌ Exclusions
  • Normal wear & tear.
  • Damage due to negligence (e.g., poor maintenance).
  • War or nuclear risks (unless add-on purchased).
  • Illegal activities conducted on the property.
  • Losses due to market fluctuations (property value changes not covered).conducted on the property.

Key Takeaways for Property Owners

  • Minimum compliance: Basic fire and allied perils cover.
  • Best protection: Comprehensive property insurance with add-ons like terrorism and rent loss cover.
  • Risk advisory: Choose insurers with strong claim settlement ratios and wide service networks.

Get In Touch

330, Ganpati Plaza, MI Road, Jaipur, Rajasthan 302001
Second Floor, Office no 31, Transport Nagar, Punjabi Bagh, West Delhi, New Delhi – 110026

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  • IRDAI Approved Branches -
  • Jaipur
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Optisure Insurance Brokers Pvt. Ltd. | Reg. Office – 330, 3rd Floor Ganpati Plaza, MI Road, Jaipur (Raj.)-302001 | IRDAI Direct Insurance Broker (Life & General) | License No.- 1116 | Valid Till – 18/11/2028 (Renewable) Code No. -IRDAI/INT/BRK/DB 1266/2025 CIN NO. – U66220RJ2025PTC104577 | IBAI Membership No.-519 Standard T&C Apply*
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