What are the contents of a fire insurance policy?
Fire insurance has been designed to reimburse the cost of repair, reconstruction or replacement of the property damaged or destroyed in a fire. Besides, fire insurance also covers property loss or damages due to smoke, water and damages caused by the firefighters.
Which element is present in fire insurance?
It is a contract of indemnity as the insured can claim only the actual damages from the insurer. Was this answer helpful?
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