_____________ Policy is granted only in respect of stocks of inventories of the insured under fire insurance business.

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 is a device to compensate the insured for the loss caused by _______
• Fire insurance came into existence after the Great Fire of the London in ___________
• Consideration on the part of the life insured in respect of a life insurance contract is
• 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.
• Fire insurance can be taken in respect of __________
• Which principle suggests that insured should try to minimize the loss of his property even if it is insured?
• Under ________ insurance, loss of profit policy is called as consequential loss policy
• Which of the following statements is true: Under a fire policy
• The transit risk caused by fire is covered under ________ policy