Question
A risk or damage covered by an insurance policy is
called as?Solution
A hazard is an action, condition, circumstance or situation that makes a peril more likely to occur or a loss more likely to be suffered as the result of a peril. Examples of hazards include dangerous behaviors, such as skydiving or base jumping, that increase the likelihood of injury.
Which of the following is one who offers claims services on behalf of the insurer?
Once an insurance company has paid up to the limit, it will pay no more during that year is known as?
Which of the following term matches with Family Floater?
Which of the following is NOT a type of motor insurance policy?
A provision added to a home owners insurance policy that automatically adjusts the coverage limit on the dwelling each time the policy is renewed to ref...
The result of the policyholder’s failure to buy sufficient insurance is termed as?
Insurance penetration measures:Â
What is the purpose of risk management for an insured?
Which of the following term is used when the loss is caused by two or more causes acting simultaneously or one after the other?
The principle of utmost good faith requires:
