Question

What does Miscellaneous Insurance encompass?

A Coverage for property damage due to fire. Correct Answer Incorrect Answer
B Coverage for medical expenses. Correct Answer Incorrect Answer
C Coverage for risks during sea transportation. Correct Answer Incorrect Answer
D Coverage for risk related to motor vehicle insurance, credit insurance etc Correct Answer Incorrect Answer
E Coverage for life and death-related risks. Correct Answer Incorrect Answer

Solution

Explanation: Miscellaneous Insurance includes coverage for a variety of risks that do not fall under the specific categories of Fire or Marine Insurance. Some common types of miscellaneous insurance in India are: exchange risk insurance, motor vehicle insurance, credit insurance, burglary insurance, workmen’s compensation insurance, professional liability insurance, cash in transit insurance, fidelity insurance, etc.

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