Fire Insurance of the fire to replace the thing lost

or injured.
Insurance against:
Loss
 Fire
 Lightning  Direct losses
 Windstorm o Physical damage of
 Tornado property insured
 Earthquake  Indirect losses
 Other allied risks o Business interruption
o Extra expense
Alteration o Loss of rental income
Will prevent recovery on the policy if: Prohibitions
1. alteration is on the use or Non alienation clause
condition of the thing insured
Exceptions
2. use or condition of the thing
insured is limited in the policy War and related risks

3. alteration is without the consent of Intentional act

the insurer
4. alteration is within the control of
the insured
5. alteration increases the risk
Warranty
May expressly warrant that the
property cannot be used for storage
of inflammable substances.

Measure of indemnity Exception:

 Valued policy- valuation fixed shall If its understood that the keeping
be binding on the parties thereof is incidental to the business.
 Open policy-no valuation,
measure of indemnity is the
expense it would be to the insured
at the time of the commencement