Definition of "fire insurance" [fire insurance]

• The act or system of insuring against fire; also, a contract by which an insurance company undertakes, in consideration of the payment of a premium or small percentage -- usually made periodically -- to indemnify an owner of property from loss by fire during a specified period. (noun)
• See under Fire. (noun)

Gnu Collaboartive International Dictionary of English: licensed under The Code Project Open License (CPOL)

• "But they wanted some fire insurance in the event that something should happen to Senator Jordan, either defeat or worse, and that Mr. Galifianakis should prove to be the nominee."