Fire insurance coverage in India is notably low, with most policies covering corporate and industrial properties rather than individual homeowners. Despite frequent fire incidents, many residents in areas like Indirapuram do not insure their homes against fire risks. In response, banks have started to bundle fire insurance with home loans, often requiring borrowers to purchase coverage from their affiliated insurance companies. This trend reflects banks' focus on risk mitigation and the pursuit of additional revenue through cross-selling financial products. According to the General Insurance Council, the gross premium for fire insurance increased by 13% to ₹27,523 crore in the 2025-26 fiscal year, indicating a growing demand for coverage. Experts advise borrowers to carefully review the terms of fire insurance policies and compare options to make informed decisions, rather than feeling compelled to buy from their lenders. The General Insurance Council highlights that fire insurance provides peace of mind by covering losses from fire and other related perils, but it is essential to consider the specifics of coverage, exclusions, and adequacy of the insured amount.