ECONOMICS (CBSE/UGC NET)

ECONOMICS

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following would be covered under a renter’s insurance policy?
A
Damage to the exterior of the property
B
Medical bills of another person who is injured on the property
C
Your roommate’s personal belongings in the rental unit
D
Damage to a detached shed on the property
Explanation: 

Detailed explanation-1: -Personal liability: If someone is injured or their property is damaged, and you are blamed for the event, your policy will cover liability costs, including legal costs.

Detailed explanation-2: -Medical Malpractice Liability-It is a professional liability insurance plan which can protect the interests of doctors and physicians. The liability insurance plan can be subscribed by dentists, nurses, etc.

Detailed explanation-3: -Insurance coverage is your financial safety net. It is the sum that provides financial protection to the insured, or their family in case of adversities, such as death, accident, illness or disability. That said, insurance coverage sets the limit of the financial cover one can avail.

Detailed explanation-4: -Commercial general liability (CGL) policy: Directors and Officers’ liability insurance: Professional indemnity insurance: Cyber risk insurance: Commercial crime insurance: Carrier legal liability insurance: More items •01-Dec-2022

There is 1 question to complete.