Business Studies, asked by hemrajcobra424, 11 months ago

Which element is presented in Fire Insurance?

Answers

Answered by Arianators
6

Answer:

=> Fire Insurance contract is a written contract between two parties, i.e insurer and insured.

=> Fire insurance contract contains element of protection, it do not contain investment element.

=> The compensation is paid only when there is actual loss.

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Answered by pannampraneeth
0

Answer:

Answer. => Fire Insurance contract is a written contract between two parties, i.e insurer and insured. => Fire insurance contract contains element of protection, it do not contain investment element. => The compensation is paid only when there is actual loss.

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