Business Studies, asked by aashutoshmishra1650, 10 months ago

Explain the meaning and elements of fire insurance.

Answers

Answered by xxZUBAKOxx

Explanation:

Fire, in order to make the insurer liable under the contract, must satisfy two conditions. First, there should be actual fire or ignition, and second, the fire must be fortuities in its nature. ... The elements of a contract are discussed in the following paragraphs.

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