fire insurance policy

fire insurance policy
A personal contract to indemnify the insured against loss by fire to the property insured; a contract of indemnity to reimburse the insured for his actual loss not exceeding an agreed sum. 29 Am J Rev ed Ins § 4. A contract of indemnity by which the insurer agrees to indemnify the insured against loss or damage to the insured property by fire, not exceeding the amount of the insurance. Citizens Ins. Co. v Foxbilt, Inc. 226 F2d 641, 53 ALR2d 1376.

Ballentine's law dictionary. . 1998.

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