Question

What are the Features of Fire Insurance?

Answer 1

The important features of fire insurance are as follows:

• Fire insurance is a contract executed between two parties.
• The purpose is to protect the insured financially from the risk of fire.
• In case of fire damage, the insurer guarantees compensation.
• In this case, the insured property and the term of the contract must be specified.
• This is a compensation contact. So in this case as much as the damage is done to try to make up.