Fire insurance policy
Fire insurance policy usually covers fire due to any cause, subject to some exceptions which too may be covered with additional premium. These policies may be extended further to include collateral damages or losses such as loss of income.
Insurance Policy
The insurance policy is a contract between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay.
Insurance contract
The insurance contract is a contract whereby the insurer will pay the insured (the person whom benefits would be paid to, or on the behalf of), if certain defined events occur. Subject to the "fortuity principle", the event must be uncertain.