<h1>Fire insurance typically covers multiple named perils, requires reasonable safety measures, and excludes standalone theft-protects property recovery.</h1> A fire insurance policy typically covers twelve perils-fire, lightning, explosion/implosion, aircraft damage, riot/strike/malicious damage, storm/cyclone/typhoon/flood (when causing fire), impact damage, subsidence/landslide, burst/overflowing tanks and pipes, leakage from automatic sprinklers, bush fire, and theft or burglary following a fire-providing financial relief for residential, commercial and industrial properties. Standalone theft is generally excluded. Insurers expect reasonable preventive measures (alarms, wiring maintenance, safe storage of flammables, accessible exits, extinguishers, drills). Adequate property coverage mitigates post-loss financial exposure and supports recovery after accidental, natural or malicious fire-related events.