Fire insurance

• Main Authors: Chan, Lai Wan, Chew, Sor Teng, Yap, Pui San
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2014
• Subjects: DRNTU::Business::General
• Online Access: http://hdl.handle.net/10356/55564
• Institution: Nanyang Technological University

In view of the rapidly expanding economy of Singapore, properties are one of the most valuable assets of Singaporeans. There is a growing demand for private properties. Commercial buildings are also being developed in view of the scarce land space. Consequently, the values of properties appreciate substantially. It is, therefore, necessary that properties are protected. Fire insurance is a measure of protection for properties. First, several risk management and protection measures were initiated in the process of insurance. Secondly, should unpredictable fire takes place and damage or destroy the property, the insurance claim facilitates its repair or reinstatement.