A property or liability insurance contract in which all risks of loss are covered is called .....

INSURANCE AWARENESS

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

A property or liability insurance contract in which all risks of loss are covered is called ____

A	Aggregate Limits
B	Aleatory contract
C	All-Risk Agreement
D	Affirmative Warranty

Explanation:

Detailed explanation-1: -Often known as a comprehensive insurance policy, an all-risk property insurance policy offers you coverage in the event of those losses or damages which arise due to perils that you do not anticipate, i.e., those perils which do not fall under the named peril list.

Detailed explanation-2: -The term “against all risks", also known as all-risk insurance, refers to an insurance policy that provides coverage against all types of loss or damage. Exclusions can still be included in an against all risks policy, but the insured is covered against any risks that are not specifically named.

Detailed explanation-3: -Earthquake. Related stories. Fire. A fire accident of any type of property can cause severe damage to the structure and its contents. Flood, Storm, Lightning. Explosion (Terrorism) Riot, Strikes, Burglary, Theft and Larceny. 19-Oct-2018

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GENERAL KNOWLEDGE

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INSURANCE AWARENESS