📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      ________covers operators of nuclear reactors and other

      facilities for liability and property damage in the case of a nuclear accident and involves both private insurers and the federal government.
      A Internet Liability Insurance Correct Answer Incorrect Answer
      B Kidnap/Ransom Insurance Correct Answer Incorrect Answer
      C Inland Marine Insurance Correct Answer Incorrect Answer
      D Nuclear Insurance Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Nuclear hazards clause is property insurance policy language that excludes from coverage any damage caused by nuclear reactions, nuclear radiation or radioactive contamination. The nuclear hazards clause is intentionally broad to protect insurers against paying the extraordinarily large claims that could otherwise result from such events, whether they are controlled or accidental and whether the damage is direct or indirect. However, an insurance policy will still cover losses from certain otherwise covered events, such as fires or theft, even if those events are caused by a nuclear event.

      Practice Next
      More Insurance Awareness Questions
      ask-question