Tag: Fire Insurance

Fire Insurance Basic Principles & Add On Covers

Fire insurance business has been defined in Section 2 of the Insurance Act, 1938.The subject matter of fire insurance may be any kind of moveable and immovable property having pecuniary value. Fire insurance contracts are governed by the general law…

Fire Insurance – Payment of Claims in Fire Insurance

Fire Insurance is a contract between the insurer and the insured to compensate for the loss which occurs by the fire in return of the consideration (Premium) which is paid by the insured. When any loss occurs in the fire…