Question
What is the purpose of "mitigation of loss"?
More Insurance Awareness Questions
- The 'No-Claim Bonus' is a discount offered by insurers for:
- If you might want to discontinue the policy, and take whatever money is due to you. The amount the insurance company then pays is known as?
- A risk or damage covered by an insurance policy is called as?
- In India _______________ insurance is mandatory.
- What is a coverage for bodily injury or property damage caused by an intoxicated person who was served liquor by the policyholder?
- Which type of insurance usually requires higher premium ?
- What is the purpose of a deductible in an insurance policy?
- ___________ is the liability arising from contractual agreements in which it is stated that some losses, if they occur, are to be borne by specific parties...
- The principle of construction ensures:
- Policy that can be cancelled or have the premium s raised by the insurer on a specific anniversary date, subject to certain reasons written into the policy...
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