standard fire policy - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “standard fire policy”

standard fire policy

noun [C]
 
 
INSURANCE, PROPERTY
the basic agreement used in most areas of the US in which an insurance company states what it will pay if a property is damaged by fire: Homeowner's insurance typically includes the standard fire policy as a base for coverage.
(Definition of standard fire policy from the Cambridge Business English Dictionary © Cambridge University Press)
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