Advertisement

Fire Map

Last updated: May 5, 2018

What Does Fire Map Mean?

A fire map is a map that displays the locations of properties for which an insurance company has provided fire coverage. These maps allow these companies to see exactly where their risks are located and help them plan to prevent catastrophic losses.

Advertisement

Insuranceopedia Explains Fire Map

An insurance company's risk increases if it has many fire policies covering buildings that are next to each other, since a fire in one property could spread to adjacent buildings.

Fire maps show insurance companies exactly how clustered their risks are. If they determine that they already have too much risk in one location, they may avoid increasing it by rejecting applications for fire coverage in that area.

Advertisement

Share this Term

  • Facebook
  • LinkedIn
  • Twitter

Related Reading

Tags

InsurancePersonal PropertyThe Insurance BusinessCommercial Property

Trending Articles

Go back to top