Question
What is a Coverage protecting property against losses
caused by a fire or lightning that is usually included in home owners or commercial multiple peril policies?Solution
Fire insurance is property insurance covering damage and losses caused by fire. The purchase of fire insurance in addition to homeowner’s or property insurance helps to cover the cost of replacement, repair, or reconstruction of property, above the limit set by the property insurance policy. Fire insurance policies typically contain general exclusions, such as war, nuclear risks, and similar perils.
The insurance in which risks are shared between multiple insurers is known as?
Specific questionnaires in insurance proposal forms are common for:Â
Insurance Policy which is provided as an additional layer of security to those who are at risk for being sued for damages to other people’s property o...
The New India Assurance Co. Ltd. was a subsidiary of which of the following company?
The principle ensuring an insured is not compensated more than the actual loss is:
 In which of the following year the Insurance Amendment Act abolished Principal Agencies?
Risks for which it is difficult for someone to get insurance is called?
The Employment State Insurance (ESI) Act of 1948 is applicable to all establishments having __________or more workers.
The first unit-linked insurance plan (ULIP) was launched by which of these countries?
Which of the following is NOT a key expense considered in premium calculation?
