A fire insurance is a contract between a policyholder and the insurance company in which the insurer agrees to compensate the insured in case of loss or damage which happens to a particular property due to fire. It covers the cost of replacement, repair, or reconstruction of property. It can cover...
A Fire insurance is a legal contract between the insurance company and the policyholder where the insurance company take all financial risk that happened by fire. Not only it can cover fire explosions, but also it covers other perils like man-made disaster, natural disaster, lightning explosion...