Question

difference between fire insurance and general insurance​

Answer 1

Difference # General Insurance (Fire and Marine):

1. The event insured against may or may not happen.

2. The contracts of fire and marine insurances are contracts of indemnity. The insured can claim only the actual amount of loss-subject to a maximum of sum assured.

3. In fire insurance, insurable interest must be present at both- time of contract and time of loss.

Answer 2

Answer:

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Explanation:

The event insured against may or may not happen. ... The insured can claim only the actual amount of loss-subject to a maximum of sum assured. 3. In fire insurance, insurable interest must be present at both- time of contract and time of loss.