Question

If a person take fire insurance policy from 3 insurers. During loss due to fire he will get a)Loss amount compensation from all three separately b)Lowest amount which will be contributed by all three c)Policy amount from all insurance d)None of the above

Answer 1

Explanation:

The term fire insurance refers to a form of property insurance that covers damage and losses caused by fire. Most policies come with some form of fire protection, but homeowners may be able to purchase additional coverage in case their property is lost or damaged because of fire. Purchasing additional fire coverage helps to cover the cost of replacement, repair, or reconstruction of property above the limit set by the property insurance policy. Fire insurance policies typically contain general exclusions such as war, nuclear risks, and similar perils.

Answer 2

Answer:

b

Explanation:

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