The risk of fire and water is inevitable so the performance of composites in building constructions should be at par with the code requirements. This paper researches on the fire and water resistance of untreated sisal fiber composites using polyester resin as matrix for different volume fractions of fiber viz. 5%, 10%, 15%, 20%, 25%, 30% and for two different thicknesses namely 3mm and 5mm. The panels of size 30cm*30cm were fabricated by compression molding technique. The investigation on fire resistance was done as per flammability test mentioned in ASTM D 635-03 standards. In this test, the rate of burning was found out in mm/min. The burning rate and the corresponding mass loss rates were found to decrease as the volume fraction of fibers increased. The moisture test was done as per ASTM D 570-98 standards. The moisture absorbed which was expressed in percentage was found to increase as the volume fraction of fibers increased.