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प्रश्न
What is Fire Insurance?
Discuss the concept of fire insurance.
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
The concept of insured value is applicable only in case of ______ insurance.
Hull insurance is a type of ______ insurance.
Name the type of insurance wherein insurable interest need not exist when the policy is taken.
______ is a contract which the insurance company undertakes to indemnify for loss or damage caused due to accidental fire.
What is Life Insurance?
Distinguish between re-insurance and double insurance.
Explain the meaning of marine insurance.
Describe the procedure for taking a fire insurance policy.
Define Life Insurance.
Describe the procedure for settling claims under life insurance.
