An insulation gasket that includes a metal core (100) defining an inner serrated annular section (105) that is radially spaced from an outer serrated annular section (110); and an annular groove (115) formed between the inner and outer serrated annular sections; and a first material (135) accommodated in the annular groove (115). In certain embodiments, a second material (125) engages the inner serrated annular section (105); and a third material (130) engages the outer serrated annular section. In one embodiment, the first and second materials comprise an electrical insulation material and the third material comprises a fire safe material.