Outline three properties covered in fire insurance. Enumerate six special perils covered in fire insurance. Explain three covers provided under standard fire policy.
Explanation
(a) The properties covered in fire insurance (i) Building (ii) Plant and Machinery (iii) Merchandise (iv) Officefurniture and fittings (v) Household goods and personal effects (such as clothing, wrist watches, handbags. etc (vi) Furnitureand utensils
(b) Special Perils in fire Insurance (i) Storm (ii) Flood (iii) Burst pipe and overflowing of water tanks (iv)Impact by vehicle etc.
