Question

how fire insurance policy is a contract of indemnity​

Answer 1

Answer:

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Fire insurance means insurance against any loss caused by fire. ... The principle of indemnity, which arises under common law, ensures that the insured does not recover more than actual loss suffered by him/her.

Answer 2

Answer:

Fire insurance means insurance against any loss caused by fire. ... The principle of indemnity, which arises under common law, ensures that the insured does not recover more than actual loss suffered by him/her.

Explanation:

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