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What is the Classification of Fire Insurance Policy?

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The classification of the fire insurance policy is as follows:

  1. Valued Policy
  2. Unvalued Policy
  3. Specific Policy
  4. Average Policy
  5. Floating or Blanket Policy
  6. Excess Policy
  7. Declaration Policy
  8. Adjustable policy
  9. Maximum Value with Discount Policy
  10. Replacement Policy

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