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fire insurance
(redirected from Property insurance)

   Also found in: Encyclopedia, Wikipedia 0.01 sec.
fire insurance

A type of property insurance covering losses caused by fire and by damage caused in putting out the fire. Premiums will often depend on proximity to a fire station (within 5 miles is best), the rating of the fire department (all volunteer personnel with minimum equipment up to full-time personnel with all equipment), proximity to a fire hydrant, and method of construction of the property.



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