The major determinant of fire insurance premium is the?

The major determinant of fire insurance premium is the type and structure of the property to be insured. This refers to the characteristics of the property such as its age, construction materials, location, and fire prevention measures in place. These factors are used to assess the risk of fire damage and determine the amount of premium that the property owner must pay for insurance coverage. The higher the risk of fire damage, the higher the premium. Therefore, it is important to take measures to reduce the risk of fire damage to the property to minimize the premium cost.