MANAGEMENT

Detailed explanation-1: -Fire insurance covers your property against the damage and losses caused by fire. This Insurance protects physical goods and the equipment of the business or home against any loss from theft, fire, and other perils. It helps to cover the cost of replacement, repair or reconstruction of the property.

Detailed explanation-2: -All-risk policies cover any event that the policy doesn’t specifically exclude. These policies are also known as open perils policies. Named perils policies cover only the events listed in the policy. For example, a named perils policy that only covers floods won’t pay for damage to your home caused by a fire.

Detailed explanation-3: -Generally, the property insurance policy covers the risks of all the damages caused by fire, theft, wind, smoke, snow, lightning, etc.

Detailed explanation-4: -Commercial Property Insurance is a form of business insurance that covers businesses property in case unpredictable circumstances arise. Such circumstances could be fire, theft, accidents, and natural disasters. A commercial property insurance is also named a Business Property Policy.

Detailed explanation-5: -A broad named perils insurance policy is a type of insurance policy that covers a wide range of risks. This type of policy is typically used by businesses to protect against a variety of potential losses, such as fire, theft, and natural disasters.