ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -What is not covered under this insurance policy? Intentional damage and contractual liabilities are not covered by a liabilities insurance policy.

Detailed explanation-2: -Loss/Damages arising of events including war, invasion, act of foreign enemy, hostile are not covered in the property insurance plan.

Detailed explanation-3: -Bodily injury and property damage liability The basic coverage for injuries and damages. Examples of covered losses include someone being hurt from a slip and fall at your business, or a person’s vehicle getting damaged while parked at your business.

Detailed explanation-4: -Fire Insurance does not cover Loss or damage to any of the electrical machines, short circuits, apparatus, leakage of electricity, etc.