Fire Insurance is a type of property insurance that provides financial protection against damage caused by fire. It covers the cost of repairing or replacing property, such as homes and businesses, that is damaged or destroyed by fire. This insurance can also cover additional expenses, like temporary housing or business interruption, depending on the policy. Policyholders pay a premium to maintain their coverage, and the amount of compensation received after a fire depends on the policy limits and the extent of the damage. Fire Insurance is essential for homeowners and business owners to safeguard their investments against potential fire hazards.