Fire Insurance is based on the principle of ?

Related MCQs

• Fire insurance came into existence after the Great Fire of the London in ___________
• 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.
• Insurance is based on the principle of _______.
• Which of the following insurance contract is not based on the principle of indemnity.
• Which is the consequential loss in the fire insurance?
• Fire insurance is a personal contract because
• Fire insurance can be taken in respect of __________
• Fire insurance is a device to compensate the insured for the loss caused by _______
• Fire insurance is a contract of ____________
• _____________ Policy is granted only in respect of stocks of inventories of the insured under fire insurance business.