Home » Insurance Theory Outline three properties covered in fire insurance. Enumerate six special perils covered in fire insurance….

Insurance Theory Outline three properties covered in fire insurance. Enumerate six special perils covered in fire insurance….

  1. Outline three properties covered in fire insurance.
  2. Enumerate six special perils covered in fire insurance.
  3. Explain three covers provided under standard fire policy.
Explanation

(a)      The properties covered in fire insurance
(i)         Building
(ii)        Plant and  Machinery
(iii)       Merchandise
(iv)       Officefurniture and fittings
(v)        Household goods and personal effects (such as clothing, wrist watches, handbags. etc
(vi)       Furnitureand utensils

  1.  

(b)        Special Perilin fire Insurance
             (i)        Storm
(ii)       Flood
(iii)      Burst pipe and overflowing of water tanks
                          (iv)Impact by vehicle  etc.