Coverage for loss of or damage to a building and/or contents due to fire.
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US: Coverage for losses caused by fire and lightning, plus resultant damage caused by smoke and water.
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MEDICAL,USA: Insurance coverage that protects property against loss caused by fire and lightning.
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Mid-Term Revision in sum insured : Increase on pro-rata basis. Decrease in sum insured on short period scale basis.
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Term used to cover not only insurance against fire but the insurance of additional perils such as Riot, Strike, Malicious Damage, Explosion and Act of God Perils