The cause of a possible loss, such as fire windstorm theft etc. is known as _____

Related MCQs

• Fire insurance came into existence after the Great Fire of the London in _____
• ………..principle in insurance mention the cause of loss must be direct and an insured one in order to claim for compensation.
• The main cause of loss or damage is _____________
• The purpose of ………. Are to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss.
• Under ________ insurance, loss of profit policy is called as consequential loss policy
• Dr.Nicholas Barbon set up in 1967 the first fire insurance company known as the ………..
• _____________ Policy is granted only in respect of stocks of inventories of the insured under fire insurance business.
• The transit risk caused by fire is covered under ________ policy
• The ________ is the party who agrees to compensate the other person against possible losses.
• The chance of loss from the unforeseen circumstances in future refers to ______.