Create a 8 page essay paper that discusses Fire Insurance : Why is it important.In order to maintain the safety and security level within the household, fire insurance is extremely essential. Disaster

Create a 8 page essay paper that discusses Fire Insurance : Why is it important.

In order to maintain the safety and security level within the household, fire insurance is extremely essential. Disaster is entirely uncertain in nature. It may happen at any time and at any place. Fire insurance is a type of coverage, in which a company agrees to offer some amount of the money after estimating the total loss caused by the fire within a specific time span. Fire insurance offers protection of the residence, furniture and other household related belongings. The family members who survived a fire accident can claim the benefits to the insurance company for whom who have lost their lives on the same incident. So many people in recent times buy a fire insurance to remain protected from the fire disaster to some extent (Twomey & Jennings, 2007).

Fire insurance policies also offer the lost amount of the utilised properties to the policy holder which reduces the burden imposed by the unfortunate incident. But the exact amount of fire insurance policy might be attained only if all the rules and regulations are obeyed in appropriate way. Otherwise, the insurance policy might create varied types of problems for the policy holder at the time of presenting the lost amount.

The aim and objective of this research paper is to analyse the usefulness of fire insurance for an individual. This research paper also focuses on the underlining benefits and advantages of fire insurance in this age as compared to other insurance coverage’s. Moreover, the research paper also includes the benefits that the fire insurance does not cover as well as the general provisions and conditions.

This research objective is qualitative in nature and hence secondary research sources are used such as online sources, journals, company guidelines, books etc. The topic of this research is considered as qualitative as it tries to highlight the behaviours and attitudes of the