ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

What type of insurance coverage is considered specialized?

A	Floods and earthquakes
B	Stolen or destroyed property
C	Loss of Use
D	Property Damage from a fire

Explanation:

Detailed explanation-1: -Comprehensive Home Insurance Plan:This policy apart from covers risks posed by natural disasters such as flood, earthquake, lighting, inundation, storm in addition to Fire, riots, strikes etc.

Detailed explanation-2: -Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage.

Detailed explanation-3: -(Insurance: Residence insurance) Earthquake coverage is insurance coverage for damage caused by earthquakes. Flood insurance, like earthquake coverage, is usually only of interest to those residents whose property is exposed.

Detailed explanation-4: -Most home insurance policies automatically cover damage due to cyclones, earthquakes and the like. Household insurance covers the structure and furniture and fittings inside a house.

Detailed explanation-5: -noun. insurance covering loss or damage to property arising from a flood, flood tide, or the like.

There is 1 question to complete.