Insurance reduces the extent of financial loss connected with uncertain events

Related MCQs

• Under ________ insurance, loss of profit policy is called as consequential loss policy
• Which of the statements are true? A. Loss prevention and loss reduction mean different things. B. Risk maybe transferred by contract.
• The cause of loss or a contigency that may cause a loss is known as--------------
• ________ means to make good the actual loss and nothing more than the actual loss.
• Which is the consequential loss in the fire insurance?
• Constructive total loss in marine insurance means
• Which type of insurance protects the policyholder against loss or damage to a ship or its cargo on the high seas?
• Marine insurance may cover loss or damage to the ________
• Fire insurance is a device to compensate the insured for the loss caused by _______
• Insurable interest must be present in an ________ insurance contract at the time of contract and at the time of loss.