Advertisements
Advertisements
Question
Define fire insurance.
Advertisements
Solution
Fire insurance is a contract under which the insurance company (insurer) agrees to identify the insured in return for the premium against damage or loss. To property caused by fire during an agreed period of time and up to a specified amount. A fire insurance policy provides protection against damage or loss to property, i.e., buildings, furniture, goods, etc., caused by fire.
APPEARS IN
RELATED QUESTIONS
Choose the Correct Answer.
______ is not a type of general insurance.
Write a short note on:
Fire Insurance
Write short note on Life insurance.
Proof of age is required in case of insurance.
______ is a contract which the insurance company undertakes to indemnify for loss or damage caused due to accidental fire.
Explain the meaning of marine insurance.
Explain the importance of marine insurance.
Define Marine Insurance.
Explain the procedure for taking a life insurance policy.
Distinguish between Life Insurance, Fire Insurance, and Marine Insurance.
