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What are the Features of Fire Insurance?

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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.

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