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Business Services-1 — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMBusiness Services-12 Marks
Question
What is the insurance of fire ?
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Answer

  • If the asset or goods are insured and they are totally or partly destroyed or damaged in fire then against company pays compensation . This contract of promise is called the insurance of fire.

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