As always, we pity those who were caught in fire tragedies. We cringe in fear and extreme horror as we look at pictures of charred bodies, or sigh in utter disbelief over the sight and the extent of damage to valuable properties. We look at high heavens and pray that it would not happen to us; for deep in our very souls, we know we could not take it, much more bear with it. Who does, anyway?
So what do we do? Aside from taking every possible precaution an investing in some safety measures, such as providing fire extinguishers in our homes, the best and wise thing to do is buy a fire insurance. But who cares about fire insurance?
Fire insurance is essential, but often, taken for granted by most homeowners. They do not realize the need for one until a fire accident razes everything that one had worked for and took years to put up.
As defined, fire insurance is a contract between the insurer or the insurance company, and the insured, or the owner of the property that is the subject of insurance protection coverage. Here, the insurance company agrees to pay the client after payment of premiums, for loss or damage of the property. Fire, in this regard, refers to one that is out of control, hostile, or damaging in nature.