Fire and Consequential Loss Insurance - IC 57 Exam Study Notes

The term 'fire resistance' gives the time span during which a construction offers resistance to a standard fire.
The term 'fire resistance' denotes the capacity of an element to withstand heating of specific severity (standard fire), while performing its normal functions, thus restricting, the spread of fire in a building for a definite time.
A wide definition of exposure is 'the likelihood of a building or its contents sustaining damage or becoming ignited by reason of a fire in adjoining or neighbouring premises'.
The term 'Fire Hazards' refers to not only the causes of fires (sometimes called originating or inception risk) but also those circumstances which increase the probability of a fire occurring, or which enable fires to spread and increase the loss (contributory risk).
The different type of fire hazards that can result in losses are i. Originating hazards, ii. Contributory hazards, iii. Hazards arising from construction

Important Points for IC 57 - Fire and Consequential Loss Insurance Exam