________ Means restoring the victim of a loss by payment, repair or replacement.

Related MCQs

• ________ means to make good the actual loss and nothing more than the actual loss.
• 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--------------
• Under ________ insurance, loss of profit policy is called as consequential loss policy
• Constructive total loss in marine insurance means
• __________ means a complete loss or destruction of the subject matter in the policy.
• Policy holders are expected to pay premium on due dates, a period of 15-30 days is allowed as grace to make payment of premium from the due date is _________
• Cost of loss control is
• Insurance reduces the extent of financial loss connected with uncertain events
• On the death of the bread-earner, two losses occur in the family-one is loss of human life and the other