Question

Distinguish between the Fire insurance & Marine insurance.

Answer 1

The difference between fire insurance and marine insurance are discussed in the points given below: ... Fire insurance covers risks due to fire and associated risks. Conversely, marine insurancecovers sea perils. The claim in case of fire insurance is the amountinsured, or the actual loss sustained whichever is less.

Answer 2

Fire insurance & Marine insurance

Fire insurance is a protection that covers the danger of fire. It covers the products or property of the safeguarded individual. Despite what might be expected. Marine insurance is one that includes risks related to the ocean. The topic secured here is the ship, load, and cargo.

Protection is a sound understanding between the safety net provider, for example, the insurance agency and the guaranteed, wherein the danger of misfortune is moved to the safety net provider when the shortfall happens out of the causes showed in the agreement, on the installment of the thought called as premium.