Introduction:
Sanjay Bhattacharya is a business owner who has stored his goods worth ₹80,000 in a warehouse. To safeguard his goods against fire accidents, he has taken a fire insurance policy.

What is Fire Insurance?
Fire insurance is a policy that provides financial protection to the policyholder against the loss or damage caused due to fire accidents. The policy covers the cost of repairing or replacing the damaged property or goods.

Importance of Fire Insurance:
Fire accidents can occur at any time and can cause massive damage to the property and goods. Having a fire insurance policy can provide financial protection to the policyholder in the event of such accidents. It can help the policyholder to recover from the losses and continue their business operations.

Sanjay Bhattacharya's Fire Insurance Policy:
Sanjay Bhattacharya has taken a fire insurance policy for his goods worth ₹80,000 stored in the warehouse. In case of a fire accident, the policy will cover the cost of repairing or replacing the damaged goods up to the sum insured.

Conclusion:
Fire insurance is an essential policy for business owners who store their goods in warehouses or other locations. It provides financial protection against fire accidents and helps the policyholder to recover from the losses. Sanjay Bhattacharya has taken a wise decision to take a fire insurance policy for his goods stored in the warehouse.