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What is the nature of fire insurance?

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What is the nature of fire insurance?

Question is taken from Insurance subject matter

I got this question during a job interview.

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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 can be Fire Insurance Definition

My answer's reference is Investopedia

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