Fire Insurance in Pakistan

Fire Insurance And Its Features In Pakistan

Posted by Admin on 24 Jan 2023

Insurance protects you and your assets in case of an accident. Everything can be insured against all kinds of threats. Fire insurance works similarly, it protects you and covers your assets in the event of unexpected fires. Fire insurance has many features that we will discuss in today’s blog. Let’s take a look at them now!

What Is Fire Insurance?

Fire insurance reimburses the cost of repair, reconstruction, or replacement of any property damaged during the incident of fire. It also covers the damage caused by smoke and water while firefighters put away the fire. Hence it covers all kinds of property damage caused during the fire. 

What Are The Features Of A Fire Insurance Policy?

There are many features of a fire insurance policy. Some of them are discussed below!

Insurable Interest In Property

This condition implies that the survival of the item getting insured should be beneficial for the policyholder and if the item is lost during the fire, the policyholder can suffer a loss. This is applicable both at the time of buying policy and at the time of claim.

Principal Of Utmost Good Faith

This states that at the time of buying the policy, the insured must spill all the details of whatever is being insured. The risk of the building catching fire, environment, construction of the house/shop, and other related queries. This is important because the insurer needs to calculate the risk and issue the policy accordingly. During any time when the insurer finds out that the vital information was hidden from them, they have all the rights to terminate the policy. The insurer is also responsible for telling you all the details about the policy and suggesting you the best one that suits your requirements.  

Contract Of Indemnity

This states that the policyholder must only claim up to the limit settled at the time of buying a policy. In case there was no damage, the claim is no longer acceptable. 

These were some features of the fire insurance policy. Now, look at who can get fire insurance.

Who Is Eligible For Fire Insurance?

Anyone who wants to protect their assets is eligible for fire insurance. It benefits the shopkeepers or business owners the most. For example, if you own a business of furniture or clothes and in case of a fire, these two things will get affected the most and will cause huge financial damage. So a shopkeeper or business owner must have fire insurance for such instances. 


In conclusion, if you have any asset that you want to protect from fire whether it be your whole house or your business you must get fire insurance. This will reimburse the damages done by fire, smoke, and water while putting out the fire. Some policies may even offer the temporary residence for the ones who lose their houses and living spaces to fire. It also has emergency medical cover in case of burns and damage to one’s own health. So get insured now!

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Car Insurance in Pakistan

What Is Commercial Vehicle Insurance

Posted by Admin on 26 Jan 2023

Car insurance is one of the most popular insurance types sold in the insurance industry. Cars are considered the ultimate assets which is why they are valued much more than other possessions. Most people are passionate and take car care personally, which is why they do all they can in order to ensure the safety of their cars. Ever since there has been a hike in inflation, people have started using their vehicles for commercial purposes to make some extra money on the side. A common misconception shared by people trying to use their vehicle for commercial use is that their vehicle is insured under the standard insurance policy also known as personal car insurance. However, this is not the case. So let’s take a look at how you can cover your vehicle for commercial use. Why Is My Vehicle Not Covered For Commercial Use?Your vehicle is not covered under commercial use because using your vehicle commercially involves risk higher than regular use. It puts you and your vehicle at an increased risk hence it requires additional coverage. You use your vehicle a lot more than work and wandering. Oftentimes the risk is higher due to your hands being tied and you not being able to decline due to unfamiliar areas putting your vehicle at a greater risk of theft or damages and putting your life on the line. What Is Commercial Car Insurance?Commercial car insurance is an extended cover for your car when you intend to use your vehicle for earning. It is different from personal car insurance because it has cover options. Personal car insurance is designed to cater to your personal needs while commercial car insurance caters to all kinds of risks involved in your industry. What Can I Do With My Car Covered Commercially?There are a lot of concerns that need to be addressed when you are using your car commercially. You have little to no choice but to decline when expecting a paid service so it can cause a lot of damage to your vehicle and might put it at a greater risk of being damaged in any way. Following are the things commercial vehicles are most commonly used for.Offering pick and drop to clients.Delivering goods.Towing vehicles.Delivering intercity.Haul heavy loads.All of these tasks can put you and your vehicle at a greater risk of getting damaged. This is why it is important to have your vehicle commercially protected if you are using it for paid services.Who Is Covered Under Commercial Auto Insurance?Commercial auto insurance covers the driver and the passengers for personal injury under the bodily injury cover. It also has property damage cover for when you are at fault. In conclusion, commercial auto insurance is a must if you use your personal or business car for commercial use. It provides extended coverage than private car insurance so the premium may be higher depending on the insurer. This is due to a higher risk of vehicle damage or bodily injury.So get insured, and have safe driving!

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Car Insurance in Pakistan

Can I Use My Insured Car For Commercial Use

Posted by Admin on 20 Jan 2023

With a hike in inflation, it has become a norm for people to use their vehicles as a way of earning. Consumer needs to be safe while driving has pushed them to use services like Uber, Careem, and InDriver. These allow you to share your ride details along with the details of your rider, even allowing you an option to call the police on the spot in case of any inconvenience. And similar options are available for the driver in case the customer compromises their well-being. This makes the experience safe and pleasant for both the customer and the driver.Now the question arises if you can use your insured vehicle for commercial use. Let’s take a look at if you can and why you can’t or how you can get covered for your vehicle when using it for commercial purposes!What Is A Commercial Use Of Vehicle?Commercial use requires you to get paid for offering your services. Say, you own a car and you use it for making some extra cash. This will fall under commercial use. Maybe you are giving pick-and-drop service on your way back from your work or when you go out to catch some fresh air and decide that it is a good time to pick up a ride or two and make some quick money. All of these are an example of commercial use of your vehicle.However, if you randomly decide to give a friend or a stranger a ride where you don’t actually make any cash then that’s not commercial use. Commercial use requires you to use your vehicle deliberately in order to make money.Can I Use My Insured Vehicle For Commercial Use?This is a common question and misconception when it comes to having an insured car. It states on most policies that the insurance for your vehicle will not be implied if it is used for commercial use and is caught in an accident. So, you cannot use your regular vehicle insurance policy to cover it commercially. This is due to the increased risk. Commercial drivers are at a greater risk of running into an accident or being a part of a robbery. This is because they have a lot more interaction with public and general vehicles than regular cars. A regular use car may only be used to travel to and from work every day making circumstances a lot more familiar and you also have a choice to take the chosen route. However, in commercial use, you don’t have a lot of choices to make yourself safe. How Do I Get My Vehicle Insured Both Ways?In order to get your vehicle insured for personal use and commercial use, you will need to buy a separate policy that may cover your vehicle commercially. Sometimes, some insurers offer additional cover for the drivers if they want to use their vehicle for commercial use. The premium is higher than the regular cover and provides added protection for hybrid use. You should always try to discuss this with your insurer beforehand and they will recommend you a bunch of different policies that either cover your car in one policy with a higher premium or you can purchase an additional policy. Either way, it will cost you almost the same whether you buy a single policy with added cover or two separate policies.Good luck with having your car insured by hitting this link!