Question
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 or injuries caused to others in an accident is known as?Solution
An umbrella insurance policy is extra liability insurance coverage that goes beyond the limits of the insured's home, auto or watercraft insurance. It provides an additional layer of security to those who are at risk for being sued for damages to other people's property or injuries caused to others in an accident. It also protects against libel, vandalism, slander and invasion of privacy. An umbrella insurance policy is very helpful when the insurance owner is sued and the dollar limit of the original policy has been exhausted.
A policy that covers the cost of repairing or replacing damaged machinery is:
What is the abbreviation of GAAR?
Rajiv Gandhi Stadium of which city will be upgraded as Khelo India State Centre of Excellence under the Khelo India Scheme?
What covers professionals for negligence and errors or omissions that injure their clients?
The role of a risk engineer in the insurance process is to:Â
A person who investigates claims and recommends settlement options based on estimates of damage and insurance policies held is called?
Which of the following is a central index server that offers de-duplication services and acts as a KYC repository?
The part of the policy that is specific to each insured individual is:
The IRDA opened up the market in August 2000 with the invitation for application for registrations. Foreign companies were allowed ownership of up to __...
Third-Party Administrators (TPAs) are primarily involved in:
