ECONOMICS
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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property.
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accident.
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natural death.
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legal liability.
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Detailed explanation-1: -A-Life Protect Term life insurance provides death coverage of the person insured, within the term period at affordable premium.
Detailed explanation-2: -Natural wear and tear to an asset is not to be included in insurance. A wear and tear exclusion states that the normal, expected deterioration of the insured object will not be covered by an insurance policy.
Detailed explanation-3: -General insurance covers home, your travel, vehicle, and health (non-life assets) from fire, floods, accidents, man-made disasters, and theft. Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.
Detailed explanation-4: -Which of the following would NOT fall into the category of costs associated with death? The expense of a vacation for surviving family members.