Backed by the best
There is hardly any material object which is not susceptible to fire. Right from a dry twig to a giant steel structure almost all are prone to be affected by fire in varying degree. Hence any property whether movable or immovable and having pecuniary value needs fire protection.
A bond is usually contained in a document given by a third party in support of the obligations of another party, containing a promise to pay money immediately or on a future date. It thereby provides an assurance to the beneficiary that the contracting party will perform its obligations, and security if it does not.