A comprehensive insurance package that provides protection for a business's property against damage or destruction caused by perils such as fire, smoke, and vandalism, as well as liability coverage if the actions (or non-actions) of the business's representatives result in bodily injury or property damage.
An addition to the standard fire insurance policy that expands the scope of coverage to include additional perils such as riot, civil commotion, smoke, and more.
An overview of the Standard Fire Policy, also known as the 165-line policy, commonly used across states. It includes details about its sections: Declarations, Insuring Agreements, Conditions, and Exclusions.
The term 'friendly fire' has dual meanings: one in the context of intentional, contained fires for practical use and another in a military context where individuals are accidentally harmed by their own allies.
Insurance cover against the occurrence of certain specified events. The most common examples of general insurance relate to the risks of fire, automobile damage or loss, and theft.
Hostile fire refers to fire that is not contained within its intended environment, causing unintended damage to property. Insurance policies often provide coverage for such incidents, protecting against fortuitous loss.
Insurance coverage refers to the total amount and type of insurance a policyholder possesses. It encompasses various forms covering different risks, safeguarding individuals and businesses against potential losses.
Leasehold insurance provides coverage for a tenant (lessee) with a favorable lease. If the lease is canceled by the lessor due to an insured peril, the lessee is indemnified for the loss incurred from losing the advantageous lease.
The Standard Fire Policy is a foundational insurance contract designed to provide coverage against fire-related damages to properties. It is essential for homeowners and businesses alike to protect their assets from unforeseen fire incidences.
