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प्रश्न
What is Fire Insurance?
Discuss the concept of fire insurance.
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उत्तर
Fire insurance is a written contract that indemnifies the insured (property owner) against loss or damage caused by an unintentional fire in exchange for a premium payment. A fire insurance policy is typically for a year. Fire insurance coverage covers damage to buildings and structures caused by fires. It covers residential dwellings, factories, and personal belongings inside insured property. It also covers damage from smoke, lighting and explosions.
संबंधित प्रश्न
Explain the various types of Insurance.
Hull insurance is a type of ______ insurance.
Give one example of Non-Insurable Risk.
Explain the importance of marine insurance.
Define fire insurance.
Define Marine Insurance.
Describe the procedure for establishing a claim and its settlement in marine insurance.
Define Life Insurance.
Describe the procedure for settling claims under life insurance.
Distinguish between Life Insurance, Fire Insurance, and Marine Insurance.
