Question

What type of insurance is fire insurance?

This intriguing question comes from Insurance topic

I got this question in an international level competition.

Other related questions to my question are:

What are different types of fire insurance?

Is fire insurance part of property insurance?

Answer 1

Correct answer is: Fire insurance is property insurance that provides additional coverage for loss or damage to a structure damaged or destroyed in a fire. Fire insurance may be capped at a rate that is less than the cost of the losses accrued, necessitating a separate fire insurance policy.

The title of my answer is Fire Insurance Definition

My answer's reference is Investopedia