A fire insurance policy means an insurance company agrees to pay a certain amount equal to the estimated loss from the fire caused by the insured, within the time specified in the contract. Compensation is subject to change depending on the policy. Should be confirmed with the insurance company about the types of risks covered, and you can not insure the property against all risks of fire.
What is the scope of coverage of a fire insurance policy?
Fire insurance provides protection for the estimated value of the physical house. However, there are a number of exclusions to it, for example, medical bills, loss of life and domestic animals, loss of personal property, structures outside the property (including garages and pergolas), damage to landscape and accommodation costs of the time. These things can be covered with a package of extended property insurance.
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