Thread: What is Fire Insurance ?

A fire insurance is a legal contract between policyholder and insurance company where the insurer takes all financial risks of policy owner's properties if those are damaged by fire perils. It gives some coverage against natural disaster, man-made disaster, lightning, home damages including furniture, business and other assets. But under following conditions the insurance claim will not be providing like Terrorist act, war and warlike operations, nuclear perils, electrical or mechanical breakdown etc.

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