fire insurance

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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.

References in periodicals archive ?
A specialised property and casualty insurance holding company, 1347 Property Insurance is incorporated in Delaware, USA and provides property and casualty insurance in Louisiana and Texas through its wholly-owned subsidiary Maison Insurance Company.
83 percent of homeowners with property insurance, 2014.
Total quantity or scope: The contract covers the requirements of Gateshead Council for its combined liability and motor vehicle cover and property insurance cover for Baltic Arts Centre and commercial and industrial properties.
This report provides you with valuable data for the non life insurance industry covering property insurance in the United States.
The deal is part of Florida's 'take-out' programme that has been designed to reduce the state's risk exposure by encouraging private insurance companies to assume policies from Citizens Property Insurance Corporation.
Jefferson County could satisfy its property insurance requirements in one of two ways: either (1) procure a separate policy to cover only the renovations--commonly referred to as "builders-risk insurance" or (2) rely on its existing "all-risk" property insurance policy to cover the entire courthouse, including the renovations.
This report is the result of Timetric's extensive market research covering the property insurance industry in India.
Most notably, he was a strong advocate for SB 2044, the omnibus property insurance bill that enjoyed strong support from the industry and others.
According to PCI, lawmakers responded to the issues surrounding severe storm damages like Hurricane Andrew by creating the Florida Hurricane Catastrophe Fund and Property Insurance Corporation.
While I can understand the concrete industry wanting to expand its share of the office tower market--a market in which steel has traditionally and continuously been the material of choice--I find their assertion, which they proclaim as a public service that the NIST World Trade Center findings found reinforced concrete stronger and the concrete industry's claim that insurance companies offer 25 percent less on the cost of property insurance using reinforced concrete over steel frames, a gross distortion of the facts," commented Gary Higbee, director of industry development for the Steel Institute of New York.
Procope, who opened her firm in 1953, saw the need to provide property insurance to the largely African American communities that were being denied coverage, and she had impressed upon her neighbors and clients the link between the commercial value of property and building wealth.
The current ACORD Form 27's open-ended form would be replaced by a "checklist" approach to foster a clear and concise description of existing property insurance that includes types of coverage, limits, deductible amounts and exclusions.

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