Which of the following statements is true: Under a fire policy

Related MCQs

• Which of the statements is correct? Under a fire policy A. Insurance is a transfer of risk mechanism. B. Insurance gives physical protection to assets.
• Fire insurance came into existence after the Great Fire of the London in ___________
• _____________ 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
• Which of the following is true? A. Policy form is a legal document. B. The warranties inserted in a policy safeguard the interest of the insured.
• A fire policy containing an average clause is _________
• Under ________ insurance, loss of profit policy is called as consequential loss policy
• Which of the statements is correct? A. One of the methods of risk retention is by way of voluntary excess or deductible available under the policy. B. Another method of retention of risk is to absorb small losses as normal operating expenses of business.
• Which of the following is an accidental loss by fire?
• From the following which is a loss due to fire?