What Does Fixtures Mean?
Fixtures, in the context of insurance, are movable or personal property attached to an immovable property that they become a part of the immovable or real property and are covered under a real estate insurance policy.
Fixtures, in the context of insurance, are movable or personal property attached to an immovable property that they become a part of the immovable or real property and are covered under a real estate insurance policy.
Fixtures are said to form part of the immovable when they are attached or affixed permanently, such as when they are embedded, rooted, or permanently attached with cement, glue, nails, screws, bolts, or plaster. There are four types of fixtures, namely:
To determine whether a personal property is a fixture or not, the following shall be considered: