insurance against loss due to fire
Provides liability and property coverage for fire damage. It can often be combined in a policy with other risks, including theft and floods or storms-although fire resulting from an earthquake is typically excluded. It can cover loss of earnings, the cost to rent new or temporary property, or property damage (unless the lost items are of significantly high value, like antiques and jewelry, which must be insured separately).
Generally, fire insurance provides coverage of property loss from fire and lightning (and related damage caused by smoke and water). It is usually supplemented by 'extended coverage insurance.'
1. Covers losses caused by fire, lightning and removal of insured property from the premises to avoid further loss. All resultant damage such as that done by water and smoke is also covered. Usually supplemented by extended coverage. Currently, this insurance is referred to as property insurance. 2. A type or line of insurance, as opposed to marine, casualty or fidelity bonding. The term fire insurance is now referred to as property insurance when denoting a line of insurance.
Coverage for property or building in the event of a fire.
overage protecting property against losses caused by fire or lightning
(1) Insurance contracts that indemnify an insured for loss caused by the destruction of the insured's property resulting from fire. (2) The field of insurance that provides insurance policies on the insured's property for a variety of perils, including fire.
Before a mortgage can be advanced, the purchaser must have arranged fire insurance. A certificate or binder from the insurance company may be required on closing.
A form of insurance that provides coverage for damage to buildings resulting from fire, lightning, windstorm and certain other perils.
an insurance policy that covers against loss or damage by fire to a specific property (structure only)
Coverage protecting property against losses caused by fire and lightning.
Contract prescribed by each state insuring against direct loss by fire, lightning related causes.
The purchaser must have fire insurance before a mortgage can be advanced. Verification of fire insurance may be required on closing.
Obligatory insurance for mortgaged properties. Its aim is to insure against the risks that may arise in the mortgaged house during the mortgage term.
All Risk Broad Form Insurance Coverage: Insurance against loss by fire, wind, storm, or other common hazards that a homeowner can purchase. While optional if you own your property outright, it is mandatory if you have a mortgage as the Lender looks to the value of the house on the property for most of its security. In such case you will be required to name your Mortgage lender as the party to be paid first in the case of a loss.
Coverage for loss of or damage to a building and/or contents due to fire.
Term used to cover not only insurance against fire but the insurance of additional perils such as explosion and weather.
This insurance usually covers loss or damage attributable to fire, smoke, explosion, or forces of nature. It can also cover water damage.
Coverage for losses caused by fire and lightning, as well as the resultant damage caused by smoke and water
Coverage for losses caused by fire and lightning, plus resultant damage caused by smoke and water. Flood insurance Coverage against loss resulting from the flood peril, available at low cost under a programme developed by the Central government.
Coverage for losses from fire and lightning and also the resultant damage caused by smoke and water. Usually supplemented by Extended Coverage Insurance. See definition.
Coverage protecting property against losses caused by a fire or lightning that is usually included in homeowners or commercial multiple peril policies.
Property coverage that provides protection for an Insured from the fire peril.
Insurance protecting against loss or damage from fire.
This is coverage for losses to insured property that result from fire or lightning, as well as the resultant damage caused by smoke and water.
Coverage designed to protect against losses caused by fire and lightning, plus resultant damage caused by smoke and water.