Question

1. Fire insurance privides cover for:
(a) Tangible assets
(b) Intangible assets
(c) Fictitious assets
(d) Business employees​

Answer 1

Answer:

ok your answer is here

Explanation:

tangible assets

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Answer 2

Fire insurance provides cover for Tangible assets. (Option A)

• A fire has the potential to damage property or a business, resulting in massive losses.
• You can get paid for such damages by purchasing fire insurance, which covers both moveable and immovable property.
• Fire insurance can be purchased as an add-on to property insurance or as a separate policy.
• It compensates for the expenditures spent in the replacement, repair, or reconstruction of a fire-damaged property.
• Because fire damage assessment is uncertain, this policy is given with a fixed value reimbursement as an upper limit specified by the property insurance policy.
• Whenever you claim fire insurance, you are compensated for the actual loss or the maximum sum agreed upon in advance.