Multiple choice

Which of the following statements is/are correct about fire insurance?

a. Fire insurance policies are normally valid for a period of one year. b. The premium for fire insurance policies can be either payed in lump sum or installments. c. Even if property is damaged by heat or smoke without ignition during fire, it is insurable for claim under fire insurance.

  1. a, b and c

  2. a and c

  3. a and b

  4. b and c

  5. c only

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation