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Define fire insurance. - Commercial Studies

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प्रश्न

Define fire insurance.

व्याख्या

उत्तर

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.

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पाठ 13: Logistics and Insurance - QUESTION BANK [पृष्ठ २३७]

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गोयल ब्रदर्स प्रकाशन Commercial Studies [English] Class 10 ICSE
पाठ 13 Logistics and Insurance
QUESTION BANK | Q 13. | पृष्ठ २३७
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