When the amount for which a subject matter is insured more than its actual value, it is called...............

Related MCQs

• When the same risk and subject matter is insured with more than one insurer is called............
• When the subject matter insured is destroyed wholly refers to.........
• When the subject is partially lost by a peril insured against, it is called..........
• Transfer of rights and remedies of the insured to the insurer after indemnity has been effected is called
• The person whose risk is insured is called
• ......... is an agreement whereby the insurer agrees to indemnify the insured against losses due to sea and port perils
• Risk insured against death is a contract of.......
• ........... is document issued to the insured in advance of the policy
• IRDA shall consist of note more than...........
• ............... is the amount which the insurer is prepared to pay before the date of maturity of policy.