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English definition of “fire policy”

fire policy

noun [C]     (plural fire policies)
INSURANCE a type of insurance in which an insurance company agrees to pay for damage caused by fire , or the document in which the details of the insurance are recorded : A building owner who installs a sprinkler system can expect a drop in the cost of a fire policy .
(Definition of fire policy noun from the Cambridge Business English Dictionary © Cambridge University Press)
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