goods recovered in good condition at the time of fire accident is called
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this is known as bad debt recovered
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Goods recovered in good condition at the time of the fire accident is called fire insurance.
How did fire insurance recover goods?
- The policies under fire insurance recovers damaged property due to fire
- The insurance covers all types of damage like it repairs and reconstructs the property
- It recovers goods that are damaged from various sources of fire like faulty wiring, short circuit, gas explosion, and natural disasters
- The policy under this insurance also provides payment for the damage of personal property
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