Fire insurance covers loss or damage caused by fire as defined in the contract, sometimes alongside additional named perils. It does not automatically insure every natural hazard or every consequence of a fire. Loss of business income generally requires suitable business interruption insurance rather than relying only on physical damage cover.
For a shop in Nepal, list the building, stock, and equipment that need protection and maintain accurate records. Check hazardous storage conditions, electrical precautions, and any earthquake or flood extensions. Meeting safety conditions can reduce risk and help avoid disputes over the insurance policy's requirements.