Question

explain three features of fire insurance​

Answer 1

Answer:

Features of a Fire Insurance Contract

1. ... The insured person should have insurable interest in the subject-matter of the 'contract, both at the time of the contract and at the time of loss. 3. A contract of fire insurance covers the risk of loss resulting from fire or any cause which is a proximate cause of such loss.

Answer 2

Answer:

Characteristics of Fire Insurance

Insurable Interest. Fire insurance demands the insured to have an insurable interest in the property to be insured. ...

Utmost Faith. ...

Contract of Indemnity. ...

Personal Insurance Contract. ...

Personal Right. ...

Direct Cause of Loss. ...