Business Studies, asked by abishek97, 1 year ago

distinguish between marine insurance and fire insurance

Answers

Answered by Divyaalia
14
Hey mate, here is your answer.: -)

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MARINE INSURANCE-:) Marine Insurance is a contract of indemnity where insurer, i.e. insurance company, undertakes to indemnify the insured against risk during marine adventure. The marine insurance policy can be taken for a particular period or a particular voyage. 

FIRE INSURANCE-:) It refers to that insurance under which, the insurer, in exchange of a fixed premium promises the insurer to compensate upto specified amount, if the property of the insured gets damaged due to fire till a specified date.

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Hope it helps to you!!!

abishek97: thanks for your kind information... really I'm impressed your approach..once again thank you...
Divyaalia: Your most Welcome!!!!
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