Diwali, the festival of lights, joy, and prosperity, is near. One of the most celebrated events worldwide.  It is the time when homes are illuminated, streets come alive, and laughter fills the air. However, while we celebrate the lights of festivity, it is essential to ensure the protection of our homes and loved ones from unexpected mishaps from firecrackers, illuminating diya and candles, so that you and your loved ones can enjoy the Diwali festival with peace of mind.

Each year, during Diwali, we hear about numerous fire-related accidents occurring across India due to the burning of firecrackers, decorative lights, and electrical overloads, which can lead to property damage or pose fire hazards. To avoid such a situation, it is essential to have home and fire insurance in place.

Common Fire Hazards During Diwali

Here are some common scenarios of Diwali accidents:

  • Overloaded power strips & extension cords
  • If there are any unattended diyas or candles placed near flammable items
  • Firecrackers are lit near vehicles or homes.
  • Paper decorations should not be placed too close to open flames.
  • Negligence during late-night celebrations.

What is Home Insurance?

Home is not just a structure; it’s a safe space filled with warmth, memories, and happiness. But during Diwali, due to the increased use of lights, candles, and diyas, the risk of electrical short circuits and accidental fires is quite common. It offers protection even in the event of fire. Home insurance covers:

  • Fire and electrical incidents from short circuits, candles, and diyas.
  • Any flooding or leakage resulting from a pipe burst or adverse weather conditions.
  • Structural Damages in the building.
  • Loss of  home contents, including furniture, electronics, and  jewelry
  • By purchasing comprehensive home insurance coverage, you can celebrate Diwali, the festival of light, happiness, and new beginnings, with confidence, knowing your biggest asset is protected.

Types of Home Insurance

Standard Fire and Special Peril Policy

Provide financial coverage for the home against any kind of natural calamity, such as volcanic eruptions or earthquakes.

Public Liability Coverage

Any financial loss or damage to the property resulting from an incident involving a guest or a third party is covered under public liability insurance, which bears the financial loss.

Burglary and Theft

In the event of a robbery occurring in the insured house, causing loss of household contents, burglary, and theft, insurance provides a financial rescue.

Personal Accident

In the event of an unfortunate occurrence, such as an accident or physical injury incurred anywhere across the globe, resulting in permanent disability or death of the insured person. In such cases, personal accident insurance provides financial protection to the insured or their family.

Content Insurance

Protect the valuable assets of the house, including all contents. From the refrigerator to the television sets, and any important documents, everything is covered within this house insurance policy. When the interior of your house is destroyed due to a mishap, such as a flood or has been burnt to ashes in a fire outbreak, this house insurance will provide you with coverage.

Bharat Griha Raksha

Its Standard Fire and Special Perils Policy covers a wide range of perils, including natural catastrophes such as cyclones, hurricanes, tornadoes, and tsunamis, as well as Malicious damage, Acts of terrorism, and bursting and overflowing of any of the aforementioned events.

What is Fire Insurance?

Firecrackers symbolize joy and celebration, but one spark or mishap can cause unexpected damage. A Fire insurance policy acts as your financial safety cover against losses caused by fire, explosion, or short circuits.

  • Accidental fire or explosion.
  • Damage to warehouse,  shop, or office property.
  • Electrical short-circuit damage.
  • Repair, rebuilding, and replacement costs

Whether you own a house, a shop, or a small business, Fire Insurance ensures that one mishap doesn’t derail your finances or festive spirit.

Also Read: PhonePe Launches Firecracker Insurance

Who Should Buy Fire Insurance?

Fire insurance is most effective for businesses and individuals, as it protects against the financial consequences of fire-related damage. In the event of a fire mishap during Diwali that causes harm to insured property, fire insurance will bear all financial losses resulting from the fire. Works as the best safety net for your business.

Types of Fire Insurance in India

Standard Fire & Special Perils

The policy covers loss or damage to buildings, stock, and other assets, as well as plant and machinery, for a sum assured exceeding Rs 50 Crores.

Bharat Sookshma Udyam Suraksha

The policy covers loss or damage caused to buildings, plant and machinery, stock, and other assets for a sum insured of up to Rs 5 Crores.

Bharat Laghu Udyam Suraksha:

Offer coverage against any damage or destruction caused to the building, stocks or assets, or plant and machinery for a sum insured between ₹5 Crores and ₹50 Crores.

Celebrate Securely, Celebrate Smartly

This Diwali, along with buying new gifts and clothes, make one more meaningful investment, in safety. Buy the right fire and home insurance, because the true spirit of Diwali is not just about lighting up homes; it’s about keeping your home safe, bright, and secure for years to come.  It is a requirement for every homeowner. So explore today the best fire and home insurance plans and give your family a worry-free, financially secure, and safe Diwali celebration.