Question

what is meant by general insurance? outline the fire insurance​

Answer 1

Fire insurance policies cover the damages caused by fire and other related perils. The policy covers damages suffered by property or specified assets. Features of fire insurance plans. The policy covers the cost of repairs or replacement of the insured asset when it is damaged by fire or related perils

Answer 2

Fire insurance is property insurance that provides additional coverage for loss or damage to a structure damaged or destroyed in a fire.

Fire insurance may be capped at a rate that is less than the cost of the losses accrued, necessitating a separate fire insurance policy.

The policy pays the policyholder back on either a replacement-cost basis or an actual cash value basis for damages.

Although some homeowners insurance policies include fire coverage, they may not be extensive enough for some homeowners.