Question

Infinite Sales Corporation obtains an insurance policy that covers losses to Infinite Sales caused by fire. This is:

a. casualty insurance.
b. fire insurance.
c. life insurance.
d. title insurance.

Answer 1

Infinite Sales Corporation's insurance policy covering losses caused by fire is known as fire insurance, which specifically provides financial protection against damages or losses resulting from fire incidents.

Step-by-step explanation:

The insurance policy obtained by Infinite Sales Corporation that covers losses caused by fire is known as fire insurance. Fire insurance is designed to provide financial compensation to policyholders in the event of damage or loss due to fire. This contrasts with other types of insurance such as casualty insurance, which generally covers losses from accidents, life insurance, which provides for beneficiaries upon the insured individual's death, and title insurance, which protects against problems with property ownership.