III IC-57 Practice Questions - III IC-57 Fire And Consequential Loss Insurance Exam

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Which of the following elements is absolutely essential for a fire to be covered under a Standard Fire and Special Perils (SFSP) policy?

There must be actual ignition. The fire must be intentional. The property must be completely destroyed. The fire must involve hazardous chemicals.

Correct Answer:

There must be actual ignition.

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