Fire Insurance
Bayani Gaba-gaba
Fire ruins more Nigerian businesses in an afternoon than almost any other single event: a market razed in Kano, a warehouse gutted in Aba, a block of shops lost in Onitsha. Fire insurance is the cover that rebuilds after that afternoon. Yet the word fire has a surprisingly strict meaning on a policy, and a claim can fail simply because the loss was heat without flame, or a fire that stayed exactly where it was supposed to be.
In this lesson you will learn what a standard fire policy actually promises, the three perils it always covers, and the famous three-part test that decides whether a loss even counts as a fire. You will see which special perils can be bolted on for extra premium, which perils are excepted forever, and exactly whose property fire insurance is written for. Master this and you can settle any fire scenario an examiner sets.
Manufura
- Describe the standard fire policy and state the perils it covers
- Explain the meaning of fire, lightning and explosion as insured perils
- Identify the special perils that may be added to a standard fire policy
- State the properties that may be insured and identify the typical buyers of fire insurance
Taswirar tunani
An zana wannan batu don ka ga yadda ra'ayoyi ke hadewa.
Katunan tunawa
Gwaji mai sauri kan abin da ake jarraba a wannan batu.
Takardar Darasi
Yi Rijista don Ci Gaba
Ƙirƙiri asusu kyauta don samun damar duk kayan koyo, tambayoyin atisaye, da kuma bibiyar ci gaban ka.
Nazarin Darasi
Barka da kammala darasi akan Fire Insurance. Yanzu da kuka bincika mahimman raayoyi da raayoyi, lokaci yayi da zaku gwada ilimin ku. Wannan sashe yana ba da ayyuka iri-iri Tambayoyin da aka tsara don ƙarfafa fahimtar ku da kuma taimaka muku auna fahimtar ku game da kayan.
Za ka gamu da haɗe-haɗen nau'ikan tambayoyi, ciki har da tambayoyin zaɓi da yawa, tambayoyin gajeren amsa, da tambayoyin rubutu. Kowace tambaya an ƙirƙira ta da kyau don auna fannoni daban-daban na iliminka da ƙwarewar tunani mai zurfi.
Yi wannan ɓangaren na kimantawa a matsayin wata dama don ƙarfafa fahimtarka kan batun kuma don gano duk wani yanki da kake buƙatar ƙarin karatu. Kada ka yanke ƙauna da duk wani ƙalubale da ka fuskanta; maimakon haka, ka kallesu a matsayin damar haɓaka da ingantawa.
- In its pure form, a standard fire policy covers: A. Fire, flood and storm B. Fire, lightning and explosion of domestic boilers or gas C. Fire, riot and burglary D. Fire, earthquake and aircraft damage Answer: B
- For a loss to count as a fire under a fire policy, which of the following is NOT required? A. Actual ignition B. An accidental origin C. Something not meant to be on fire D. Damage exceeding the sum insured Answer: D
- Which of the following is a special peril rather than a standard one? A. Lightning B. Fire C. Flood D. Explosion of domestic gas Answer: C
- A trader deliberately sets fire to his own shop to claim on his fire policy. The claim will be: A. Paid in full B. Paid after deducting an excess C. Rejected, because the fire was not accidental in origin D. Paid only for the building, not the stock Answer: C
- Which of the following is an excepted peril under a fire and special perils policy? A. Storm B. War C. Burst water pipe D. Impact by a vehicle Answer: B
Yi Rijista don Ci Gaba
Ƙirƙiri asusu kyauta don samun damar duk kayan koyo, tambayoyin atisaye, da kuma bibiyar ci gaban ka.
Yi Rijista don Ci Gaba
Ƙirƙiri asusu kyauta don samun damar duk kayan koyo, tambayoyin atisaye, da kuma bibiyar ci gaban ka.
Littattafan da ake ba da shawarar karantawa
Tambayoyin Sake Nazari
Kana ka na mamaki yadda tambayoyin baya na wannan batu suke? Ga wasu tambayoyi da suka shafi Fire Insurance daga shekarun baya.
Tambaya 1 Rahoto
- Outline three properties covered in fire insurance.
- Enumerate six special perils covered in fire insurance.
- Explain three covers provided under standard fire policy.
Bayanin Amsa
Three properties covered in fire insurance
- Buildings, such as dwelling houses, factories, offices and warehouses.
- Contents of buildings, such as furniture, fittings, machinery and household goods.
- Stock in trade, such as raw materials, work in progress and finished goods held for sale.
Six special perils covered in fire insurance
These are perils that can be added to the standard fire policy on payment of extra premium:
- Storm and tempest.
- Flood.
- Earthquake.
- Riot, strike and civil commotion.
- Explosion (other than boiler pressure).
- Bursting or overflowing of water tanks, pipes and apparatus.
- Aircraft and articles dropping from them.
- Impact by road vehicles or animals.
Three covers provided under a standard fire policy
- Fire: Loss or damage caused by actual ignition and burning, whether the property is destroyed or damaged by heat, flame or the water used in putting out the fire.
- Lightning: Damage caused by a lightning strike, whether or not it results in an actual fire, for example a building or electrical equipment shattered by lightning.
- Explosion: Damage caused by the explosion of gas or boilers used for domestic purposes, and explosion in premises not being part of any industrial process.