The major determinant of fire insurance premium is the ____________
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Correct Answer: Option B
Explanation:
The type and structure of the property are major factors in determining fire insurance premiums because different buildings and materials carry different levels of fire risk. A property made from highly combustible materials may attract a higher premium.
The type and structure of the property are major factors in determining fire insurance premiums because different buildings and materials carry different levels of fire risk. A property made from highly combustible materials may attract a higher premium.