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Terms of fire insurance in America

Terms of fire insurance in America

Fire insurance in America is a contract whereby the insurer is obligated to pay the insured or the beneficiary in whose favor the insurance is stipulated a sum of money or any other financial compensation in the event of an accident or the occurrence of the danger stated in the contract, in return for a premium or any other financial payment made by the insured to the insured .


Fire insurance in America

There is no doubt that the fire is very dangerous, and this danger is often eliminated when it occurs or when it occurs on the green and dry. Therefore, the importance of fire insurance appears, as the insured contracts with the insured against the fire according to an insurance policy signed by both parties.


Where the insurer is obligated to compensate the insured for the damage resulting from the occurrence of the insured risk, provided that it does not exceed the sum insured.


In the event that the insured objects are exposed to fire, the damage is achieved, and this damage must be estimated and counted, and the losses assessed to determine the value of compensation. Work has been done for the insurer to assign an independent external inspector to determine the value of the damage, and sometimes it is expressly stipulated in the contract or agreed upon by the two parties when the damage occurred.


The external inspector assesses and settles the losses caused by the fire, assesses their value, and delivers his report to the insured, “the insurance company, which in turn presents the value of the damages caused to the insured things to the insured.


The insured is free to accept or object to the value of the damages, and he may request the assignment of another inspector if the claim is in its early stages.


Compensation for damages caused by fire in the United States

The law indicates that the insurer is responsible for all damages arising from fire in America, and his obligation is not limited to damages directly arising from the fire, but also deals with the damages that are an inevitable result of that, especially the damage caused to the insured objects due to taking rescue means or to prevent the spread of the fire. He is also responsible for the loss or disappearance of the insured items during the fire unless he proves that this was the result of theft.


The insurer also guarantees compensation for damages caused by the fire, even if this fire resulted from a defect in the thing insured.


The insurer shall be liable for the damages arising from the unintentional error of the insured, and he shall also be liable for the damages resulting from a sudden accident or force majeure. As for losses and damages caused by the insured intentionally or fraudulently, the insurer shall not be liable for it, even if it is agreed otherwise.


The insurer is also responsible for the damages caused by the persons for whom the insured is responsible, regardless of the type and extent of their fault.