A Fire Insurance aims to guarantee an indemnity payment, up to the limit(s) of the insured amount(s), for damage caused by covered risk factors, inflicted to the property of an insured person at a certain address. Such insurance is called a Direct Insurance.

When a fire insurance contract is made up, distinct coverage amounts must be determined for each item to be insured and for each building/room that forms a separate risk, as well as for its contents (machines, furniture, utensils, merchandises and raw material).