fire insurance

noun
insurance covering any loss or damage caused by fire.

Origin:
1790–1800

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
fire insurance
 
n
insurance covering damage or loss caused by fire or lightning

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Encyclopedia Britannica
Encyclopedia

fire insurance

provision against losses caused by fire, lightning, and the removal of property from premises endangered by fire. The insurer agrees, for a fee, to reimburse the insured in the event of such an occurrence. The standard policy limits coverage to the replacement cost of the property destroyed less a depreciation allowance. Indirect loss, such as that resulting from the interruption of business, are excluded but may be covered under a separate contract. Insurance rates are influenced by the quality of fire protection available where the building is located, the type of building construction, the kind of activity conducted within the building, and the degree to which the building is exposed to losses originating outside it.

Learn more about fire insurance with a free trial on Britannica.com.

Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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Example sentences
Now ask them to raise their hands if they have fire insurance.
Imagine a world in which anyone can buy any amount of fire insurance on any
  building, regardless of its value or ownership.
If you have fire insurance and don't have a fire, you get nothing back.
Too much time and effort is been spent on fire insurance and greedy bankers
  bonuses.
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