Fire Insurance
Gbogbo ọrọ náà
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.
Ebumnobi
- 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
Akọmọ Ojú-ẹkọ
Yi rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.
Ayẹwo Ẹkọ
Ekele diri gi maka imecha ihe karịrị na Fire Insurance. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- 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 rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.
Yi rajista ka ci gaba
Kpọpụta akaụntụ n’efu ka ị nweta ohere na ihe ọmụmụ niile, ajụjụ omume, ma soro mmepe gị.
Àwọn Ìwé Tó Dáa Láti Kà
Àwọn Ìbéèrè Tó Ti Kọjá
Nna, you dey wonder how past questions for this topic be? Here be some questions about Fire Insurance from previous years.
Ajụjụ 1 Ripọtì
- Outline three properties covered in fire insurance.
- Enumerate six special perils covered in fire insurance.
- Explain three covers provided under standard fire policy.