New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Coverage against loss through stealing by individuals

    not in a position of trust is called?
    A Hospital Insurance Correct Answer Incorrect Answer
    B Hull Insurance Correct Answer Incorrect Answer
    C Group Insurance Correct Answer Incorrect Answer
    D Theft Insurance Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Theft generally covers all acts of stealing. There are three major types of insurance contracts for burglary, robbery, and other theft. Burglary is defined to mean the unlawful taking of property within premises that have been closed and in which there are visible marks evidencing forcible entry. Such narrow definition is necessary to restrict burglary coverage to a particular class of criminal act. Robbery is defined as that type of unlawful taking of property in which another person is threatened by either force or violence. In the robbery peril, therefore, the element of personal contact is necessary.

    Practice Next