Accountancy, asked by aryanam744, 8 months ago

A fire insurance policy is taken out to indemnify/ recover?

Answers

Answered by Anonymous
3

Answer:

A fire insurance is a contract under which the insurer in return for a consideration (premium) agrees to indemnify the insured for the financial loss which the latter may suffer due to destruction of or damage to property or goods, caused by fire, during a specified period.

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