COST ACCOUNTING
FINANCIAL TERMINOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a document or request filed by a policyholder statng that an insured event has occured and that the insurance company should provide coverage
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claim
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insurance
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policy
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Explanation:
Detailed explanation-1: -A cover note is a temporary document issued by an insurance company that provides proof of insurance coverage until a final insurance policy can be issued.
Detailed explanation-2: -An insurance claim is a formal request to your insurance provider for reimbursement against losses covered under your insurance policy.
Detailed explanation-3: -The document which contains the insurance contract is a policy. Q. It is the prime responsibility of the insured party to take reasonable steps to minimise loss/damage to the insured property.
There is 1 question to complete.