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Insurance as we know it today can be traced to the Extended Fire of London, which in 1666 devoured 13,200 houses |
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| In the aftermath of this disaster, Life Insurance Nicholas Barbon opened an office to insure buildings |
| In 1680, he established England's first flames insurance company, "The Fire Office," to insure brick and frame homes. |
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* Allowance policies contain too many exclusion clauses |
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| For example, some house warrant policies do not cover damage to garden walls. |
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