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

    Question

    A property or liability insurance contract in which all

    risks of loss are covered is called?
    A Affirmative Warranty Correct Answer Incorrect Answer
    B Aggregate Limits Correct Answer Incorrect Answer
    C Aleatory contract Correct Answer Incorrect Answer
    D All-Risk Agreement Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    All risks is a type of insurance coverage that automatically covers any risk that the contract does not explicitly omit. For example, if an all-risks homeowner's policy does not expressly exclude flood coverage, then the house will be covered in the event of flood damage.

    Practice Next