RBI building that caught fire is insured with New India Assurance

Last Updated: Sep 08, 2015 | 376 Views
On Friday, 4th September 2015, the building of Reserve Bank of India (RBI) in Mumbai had caught fire. Although there was no damage to life, it took 10 fire engines to bring the fire under control. Fortunately all properties of RBI are insured.
This RBI building is insured with New India Assurance; the process of filing a claim and ascertaining the loss is on. Also, the cause of the fire is still not known. Property Insurance covers damage to a property caused by fire, cost of replacement, reconstruction or repair. The policies may also cover damage to the building and nearby structures, personal property and expenses associated with not being able to live in or use the property if it is damaged.